Income-tax (1st Amendment) Rules, 2016

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....d rules), for rule 17, the following rule shall be substituted, namely:- "17. Exercise of option etc under section 11. (1) The option to be exercised in accordance with the provisions of the Explanation to sub-section (1) of section 11 in respect of income of any previous year relevant to the assessment year beginning on or after the 1st day of April, 2016 shall be in Form No. 9A and shall be furnished before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income of the relevant assessment year. (2) The statement to be furnished to the Assessing Officer or the prescribed authority under sub-section (2) of section 11 or under the said provision as applicable under clause (21) of secti....

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....………………….. do hereby wish to exercise the option referred to in clause (2) of the Explanation to sub-section (1) of section 11 of the Income-tax Act, 1961 for an amount of Rs…………………..(detailed in A below) to be deemed to be the income applied for charitable or religious purposes during the previous year 20..- 20.. for the reasons mentioned in B below. A. The details of income in this regard are: (i) Amount of income derived from property held under trust / held under trust in part, during the above mentioned previous year: Rs……………….; (ii) Amount of income [out of (i)] actually applied to charitable ....

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....………………………………………………… ………………………………………………... I, …………… on behalf of…………………………… [name of the trust/institution/association] Permanent Account Number ……………… hereby bring to your notice that it has been decided by a resolution passed by the trustees/governing body, by whatever name called, on………………&....