Charitable trust tax

The Income can be accumulated till 5 years and trust have to spend within 5 Years, Application in F. No. 10 to be made specifying purpose for accumulation of income for period of 5 years. .::::::::::::::::::::::::::::::: If income not spent within stipulated time, for the purpose of accumulation, deemed to be income of the previous year immediately following period of accumulation and will be taxed @ 30% .:::::::::::::::::::::::::: Note: For trust there is a different method to calculation of Taxable amount.