https://www.taxtmi.com/forum/issue?id=115388 Trustes exempt under section 11 may elect two distinct accumulation options: an indefinite, unconditional retention option and a limited-period accumulation option requiring electronic submission of the prescribed form that states the purpose for investment and subjects accumulated sums to specified investment and utilisation conditions. Alternatively, when application falls short because funds were not received or for similar reasons, a different prescribed form may be filed to deem the shortfall to have been applied for the year, with rules determining when actual application must occur. en-us Wed, 04 Sep 2019 16:45:47 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115388 Trustes exempt under section 11 may elect two distinct accumulation options: an indefinite, unconditional retention option and a limited-period accumulation option requiring electronic submission of the prescribed form that states the purpose for investment and subjects accumulated sums to specified investment and utilisation conditions. Alternatively, when application falls short because funds were not received or for similar reasons, a different prescribed form may be filed to deem the shortfall to have been applied for the year, with rules determining when actual application must occur. Discussion-Forum Income Tax Wed, 04 Sep 2019 16:45:47 +0530 https://www.taxtmi.com/forum/issue?id=115388