When can a trust or institution apply for direct regular registration?
Until 30-09-2023, the trust or institution has to apply for two registrations (provisional and regular) simultaneously, even if it has commenced the activities. However, on or after 01-10-2023, the trusts or institutions satisfying the following two conditions can apply directly for regular registration:

​A trust/institution that has already commenced its activities.
No income or part thereof of the said trust or institution has been excluded from the total income on account of applicability of Section 10(23C)​(iv)/(v)/(vi)/(via), or Section 11 or Section 12, for any previous year ending on or before the date of such application, at any time after the commencement of such activities.​