Trust: Is Filing of Form 10 Before Due Date u/s 139(1) Mandatory ?


Filing of Form 10 by a trust or institution who seeks exemption u/s 11 or u/s 12 is required when it wants to accumulates income . Thus section 11(2) of the Income Tax Act makes it  mandatory for all persons claiming  tax exemption us. 11 & Section 12 to intimate the assessing officer the particulars required in Form No. 10.  The relevant rule is Rule 17 of Income Tax Rule.

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