Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Charitable income exemption compliance requires prescribed forms, electronic filing, and timely reporting for accumulation or application of income. Option to apply income under the exemption provisions must be furnished in prescribed forms within the return-filing time limit. Form No. 9A is required for the option under the Explanation to section 11(1), and Form No. 10 is required for the relevant statement on accumulation or application of income. Both forms must be filed electronically, either with a digital signature or electronic verification code, and the prescribed systems authority must specify the filing procedure and related security, archival, and retrieval policies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable income exemption compliance requires prescribed forms, electronic filing, and timely reporting for accumulation or application of income.
Option to apply income under the exemption provisions must be furnished in prescribed forms within the return-filing time limit. Form No. 9A is required for the option under the Explanation to section 11(1), and Form No. 10 is required for the relevant statement on accumulation or application of income. Both forms must be filed electronically, either with a digital signature or electronic verification code, and the prescribed systems authority must specify the filing procedure and related security, archival, and retrieval policies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
