https://www.taxtmi.com/article/detailed?id=6133 The proposal clarifies that trusts seeking to accumulate income under section 11 must file the prescribed Form 10 before the due date for filing the return of income, and must comply with the investment or deposit modes specified; failure to file Form 10 or to furnish the return by that due date will result in loss of the accumulation benefit and taxation of the accumulated income. The amendments also narrow charitable purpose exclusions for trade-like activities and explicitly include Yoga as a charitable head. en-us Tue, 03 Mar 2015 07:59:50 +0530 Tue, 03 Mar 2015 07:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6133 The proposal clarifies that trusts seeking to accumulate income under section 11 must file the prescribed Form 10 before the due date for filing the return of income, and must comply with the investment or deposit modes specified; failure to file Form 10 or to furnish the return by that due date will result in loss of the accumulation benefit and taxation of the accumulated income. The amendments also narrow charitable purpose exclusions for trade-like activities and explicitly include Yoga as a charitable head. Articles Budget - Tax Proposals Tue, 03 Mar 2015 07:59:50 +0530 https://www.taxtmi.com/article/detailed?id=6133