Question ID :
44829
Resolution for accumulation of Surplus income
Dear All, A 12AB registered Trust wants to accumulate its surplus income for application in the future years. Since the accounts are not yet finalised, they were unable to determine the amount. Do the trust need to pass the resolution for accumulation before the year end i.e. 31/03/25 or is it ok for them to pass the resolution once the accounts are finalised and file the Form 10 before the due date. Thanks.
posted by
CA. VASUDEVAN P K
on
Mar 24 2025 12:00AM