TMI BlogApplication for exercise of option under clause (2) of the Explanation to sub-section (1) of section 11 of the Income - tax Act, 1961 - [See rule 17(1)]X X X X Extracts X X X X X X X X Extracts X X X X ..... f of [name of the trust/institution/association] . Permanent Account Number (PAN) .. do hereby wish to exercise the option referred to in clause (2) of the Explanation to sub-section (1) of section 11 of the Income-tax Act, 1961 for an amount of Rs ..(detailed in A below) to be deemed to be the income applied for charitable or religious purposes during the previous year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yes/No If yes, then specify the reason and the corresponding amount of income: Sr.No Reason for shortfall Amount of Income Date: Signature . Designation . Address Note: 1. This option Form should be signed by a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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