30 September 2013
If charitable trust has claimed exemption under caluse 2 of Section 11(1) then also is he required to make declaration under form 10 to the assessing officer?
17 October 2013
thanx but I have read that Form 10 is required while claiming exemption under Section 11(2) and not while claiming exemption under clause 2 of 11(1)
20 July 2025
You're absolutely right to seek clarity — there's often confusion between Section 11(1)(a)/(b) and Section 11(2) in the context of Form 10.
✅ Clarification on Form 10 Requirement Section 11(1)(a)/(b): A charitable/religious trust can accumulate up to 15% of its income without any conditions or declarations. 👉 No need to file Form 10 for this accumulation. Section 11(2): If the trust wants to accumulate income beyond 15% (for specific purposes to be spent over up to 5 years), 👉 Form 10 is compulsorily required to be filed with the Assessing Officer (electronically) before the due date under Section 139(1). 🔍 Your Question: "If a trust claims exemption under clause (2) of Section 11(1), is Form 10 required?" If by "clause (2) of 11(1)" you actually mean Section 11(2) — then yes, Form 10 is required. If you mean Section 11(1)(a)/(b) — where the trust is simply applying income and accumulating up to 15% — then no Form 10 is required.
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