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<h1>Charitable trusts can accumulate unspent income for five years under Section 11(2) if notified via Form 10.</h1> If a charitable or religious trust cannot apply 85% of its income in a given year, it may accumulate the shortfall for use within the next five years, as per Section 11(2). To do so, the trust must inform the assessing officer about the purpose and period of accumulation. This information must be submitted using Form 10 at least two months before the due date for filing the income tax return for the previous year, as specified under Section 139(1).