Change of purpose for accumulated income requires detailed disclosure, resolution particulars, and verification by the authorised signatory. Application is provided for a registered non-profit organisation to seek approval for change of purpose of accumulation or setting apart of income. The form captures the applicant's identifying particulars and requires details of the accumulated or set-apart income, the original and proposed new purpose, the amount for which change is requested, the date of the relevant resolution, and the reason for the change. It also includes verification by the authorised signatory and is to be submitted to the Assessing Officer.
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Provisions expressly mentioned in the judgment/order text.
Change of purpose for accumulated income requires detailed disclosure, resolution particulars, and verification by the authorised signatory.
Application is provided for a registered non-profit organisation to seek approval for change of purpose of accumulation or setting apart of income. The form captures the applicant's identifying particulars and requires details of the accumulated or set-apart income, the original and proposed new purpose, the amount for which change is requested, the date of the relevant resolution, and the reason for the change. It also includes verification by the authorised signatory and is to be submitted to the Assessing Officer.
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