Question ID : 44638

Charitable & Religious Trust

Form 10 under Rule 17(2) is required to be submitted electronically two months before the due date of return. Can you please guide as to what is the due date for making such eligible investments, i.e. by when the deposit/investment of the money referred to in clause (b) of sub section (2) of Section 11 of the IT Act is to be made.

Answer ID : 85389

There will be two cases for above query- 1. If audit is not applicable- 2 months before 31st Jul i.e.31st May 2. If audit is applicable- 2 months before 31s Oct i.e.31st Aug

Answer ID : 85392

If the audit is applicable to trust, Form 10 will have to be submitted on or before 31st August. Also, it was clarified through CBDT circular 06/2023 issued last year that if Form 10 will be filed before due date of filing return of income, accumulation of such income shall not be denied to a trust.

---