File Form No. 10 by 31st May 2025 – Ensure Income Accumulation Compliance! 🗓️

Are you managing a charitable or religious trust or an institution claiming exemption under Section 11 or Section 10(21) of the Income Tax Act? Then this is a crucial compliance update for you!

📌 What is Form No. 10?

Form 10 is a mandatory form to be filed by charitable/religious trusts and institutions if they intend to accumulate or set aside income for application in future years, rather than spending 85% of it in the current financial year.

This option is available under:

  • Section 11(1) of the Income Tax Act (for charitable/religious trusts)

  • Section 10(21) (for certain scientific research associations, institutions, etc.)

📅 Due Date: 31st May 2025

Form 10 must be electronically filed on or before 31st May 2025 for Financial Year 2024–25, if your return of income is due by 31st July 2025.

🧾 Why is Form 10 Important?

If your trust or institution:

  • Is unable to spend 85% of its income in FY 2024–25

  • Wants to accumulate income for a specific purpose (like construction, expansion, etc.)

  • Intends to retain tax exemption on such income

Then, Form 10 is a must. Failure to file can lead to:

  • Loss of exemption under Section 11

  • The unspent income being treated as taxable income

  • Legal and financial consequences due to non-compliance

🛠️ Key Requirements:

  • Mention purpose and duration (up to 5 years) for which income is being accumulated

  • File electronically on the Income Tax Portal with DSC or EVC

  • Ensure alignment with Form 9A if applicable

💼 Why Choose Taxla Services?

At TAXLA SERVICES, we:

  • Guide you on proper income accumulation and documentation

  • File Form 10 correctly and on time

  • Assist with all income tax return filings for Trusts, NGOs, Societies, and Institutions

  • Help avoid audits, notices, and penalties

📞 Contact Us for Expert Filing Support:

📱 Call/WhatsApp: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com
📍 Visit Us: 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093

#Form10 #IncomeTaxIndia #Section11 #TrustCompliance #TaxlaServices #IncomeAccumulation #TaxFilingHelp #ChennaiTaxExperts #DueDateReminder #BestAuditorInTamilnadu



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