Accumulation under Section 11(2) requires prior filing of Form 10 to notify purpose and period before return due date. A trust permitted to accumulate income under Section 11(2) must inform the assessing officer of the purpose and period of accumulation by furnishing Form ... Summary
Accumulation under Section 11(2) requires prior filing of Form 10 to notify purpose and period before return due date.
A trust permitted to accumulate income under Section 11(2) must inform the assessing officer of the purpose and period of accumulation by furnishing Form 10 at least two months prior to the due date for filing the return of income, thereby enabling the permitted accumulation for future religious or charitable use.
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