There's a confusion regarding the income accumulation limit reported in Form 10B. Annexure I, item 3, states a 15% limit, while the official form from the Income Tax portal shows 25%. This has been clarified to be a printing error, not an amendment to the rules.
19 July 2022
Form 10 B-Annexure I item 3, accumulation of income not exceeding 15% is to be reported; But in the official Form 10B downloaded from Income Tax portal, the item 3-says not exceeding 25 % of income xxx . Is there any amendment of Rules or this is a printing error? kindly elucidate . Thanks