https://www.taxtmi.com/caselaws?id=799214 For AY 2019-20, an option for deemed application of charitable income under clause (2) of Explanation 1 to section 11(1) could be exercised by filing Form No. 9A before expiry of the time allowed under section 139(1), including an extended return-filing due date. The requirement to furnish the option at least two months before that due date applied only from AY 2023-24. Statutory accumulation of up to 15% under section 11(1)(a) operates independently of Form No. 9A and is available where the amount remains within the prescribed limit. Both reliefs remain subject to the other conditions for exemption under section 11. en-us Thu, 27 Aug 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799214 For AY 2019-20, an option for deemed application of charitable income under clause (2) of Explanation 1 to section 11(1) could be exercised by filing Form No. 9A before expiry of the time allowed under section 139(1), including an extended return-filing due date. The requirement to furnish the option at least two months before that due date applied only from AY 2023-24. Statutory accumulation of up to 15% under section 11(1)(a) operates independently of Form No. 9A and is available where the amount remains within the prescribed limit. Both reliefs remain subject to the other conditions for exemption under section 11. Case-Laws Income Tax Thu, 27 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799214