Maharashtra extends deadline for submission of audited accounts by charitable trusts
Maharashtra state has decided to extend the deadline for filing of audited accounts by specified trusts who are registered under the Maharashtra Public Trust Act (earlier known as Bombay Public Trust Act). The deadline has been extended to December 31, 2024, for FY 2023-24. The state government announced the extension in a circular dated November 26, 2024.
In Maharashtra, trusts are required to file audited statements of accounts with the assistant charity commissioner's office if their annual income exceeds a specified limit. Once the accounts are prepared, they need to be audited by a chartered accountant. It can be uploaded/ filed on the charity.maharashtra.gov.in website only after this auditing is complete.
This deadline for filing audited accounts is being extended for Trusts for the second time for FY 2023-24 in Maharashtra
The original deadline for filing audited accounts by specified trusts was six months from the end of the 2023-24 financial year i.e. September 30, 2024. However, it was extended to November 30, 2024, and now it is being again extended to December 31, 2024.
Chartered Accountant Mihir Tanna, associate director, S.K Patodia and LLP, says, «As per Section 34(1A) of Maharashtra Public Trust Act, trustees of public trust are required to file a copy of audited final accounts with the charity commissioner. The original due date of filing was September 30, 2024.»
«Trusts registered under the Bombay Public Trusts Act with an annual income exceeding Rs 15,000 are required to have their accounts
