Form No. 10 is a statement required to be furnished to the Assessing Officer or Prescribed Authority under the Income-tax Act, 1961 by trusts, institutions, universities, hospitals, and charitable organizations. This form is used to notify the accumulation or setting apart of income for specific purposes under sections 11(2) and 10(23C), including details of the amount, purpose, and period of accumulation. Filing Form 10 ensures compliance with tax exemption provisions and helps eligible entities retain their charitable status while planning future expenditures.
Source: https://incometaxindia.gov.in
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[MBA in Finance]
Nazim Khan is an expert in Microsoft Excel. He teaches people how to use it better. He has been doing this for more than ten years. He is running this website (TechGuruPlus.com) and a YouTube channel called "Business Excel" since 2016. He shares useful tips from his own experiences to help others improve their Excel skills and careers.
