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    Form No. 55

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    busuuu
    This document is an application form for approval or continuance of approval of an association or institution for income tax exemption under section 10(23) of the Income Tax Act. The form requests information such as the name and address of the association, its legal status, activities, office bearers, income and utilization of funds, investments, business activities if any, contributions received, and compliance with related sections of the Income Tax Act. Applicants are required to submit audited accounts and other documents as requested by the authorities.

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    Form No. 55

    Uploaded by

    busuuu
    32 views2 pages
    This document is an application form for approval or continuance of approval of an association or institution for income tax exemption under section 10(23) of the Income Tax Act. The form requests information such as the name and address of the association, its legal status, activities, office bearers, income and utilization of funds, investments, business activities if any, contributions received, and compliance with related sections of the Income Tax Act. Applicants are required to submit audited accounts and other documents as requested by the authorities.

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    103120000000007923

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    This document is an application form for approval or continuance of approval of an association or institution for income tax exemption under section 10(23) of the Income Tax Act. The form requests information such as the name and address of the association, its legal status, activities, office bearers, income and utilization of funds, investments, business activities if any, contributions received, and compliance with related sections of the Income Tax Act. Applicants are required to submit audited accounts and other documents as requested by the authorities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    32 views2 pages

    Form No. 55

    Uploaded by

    busuuu
    This document is an application form for approval or continuance of approval of an association or institution for income tax exemption under section 10(23) of the Income Tax Act. The form requests information such as the name and address of the association, its legal status, activities, office bearers, income and utilization of funds, investments, business activities if any, contributions received, and compliance with related sections of the Income Tax Act. Applicants are required to submit audited accounts and other documents as requested by the authorities.

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    1

    FORM NO. 55
    [See rule 2C]
    [Now redundant]
    Application for approval of an association or institution for purposes of exemption under
    section 10(23), or continuance thereof for the year

    1. Name and address of the association/institution


    2. Legal status, whether registered society/others. Please enclose a
    copy of certificate of registration
    3. Date of inception or setting up of the association
    4. Activities encouraged in India as reflected in the memorandum
    (please specify each game/activity).
    5. Activities, if any, encouraged outside India (give details)
    6. Name and address of the office bearers
    7. Total income of the association including voluntary contributions
    for the previous year relevant to the assessment year for or from
    which the exemption is sought
    8. Amount of income referred to above that has been or deemed to
    have been utilised wholly and exclusively for the objects of the
    association [income deemed to have been utilised shall have the
    same meaning as assigned to it in sub-sections (1) and (1A) of
    section 11]
    9. Amount accumulated for the purpose mentioned in Column (8)
    above
    10. (i) Details of modes in which the funds of the association are
    invested or deposited showing the nature, value and income from
    the investment.
    (ii) Details of funds not invested in the modes specified in section
    11(5):

    Sl. No. Name and address of the In the case of a company, Nominal value of the Income from the investment
    concern number and class of shares investment
    held
    1 2 3 4 5

    11. (i) Is the association carrying on any business (give details) ?


    (ii) Is the business incidental to the attainment of its objectives ?
    12. Details of nature, quantity and value of contributions (other than
    cash) and the manner in which such contribution has been
    utilised.
    13. Details of shares, security or other property purchased by or on
    behalf of the association from any interested person as specified
    in sub-section (2) of section 13

    Printed from incometaxindia.gov.in


    2

    14. Whether any part of the income or any property of the association
    was used or applied, in a manner which results directly or
    indirectly in conferring any benefit, amenity or perquisite
    (whether converted into money or not), or any interested person
    as specified in sub-section (3) of section 13. If so, details thereof
    15. Amount deemed to be income of the association by virtue of
    sub-section (3) of section 11, as made applicable by the third
    proviso to section 10(23)
    16. (i) State the assessment particulars including permanent account
    number/GIR number, name of the ward/circle
    (ii) Last assessed and returned income
    17. Has the association/institution distributed its income in the last
    three years among its members?. If so, please indicate
    reasons/purposes, i.e., whether as a loan, grant, subsidy or income

    18. Enclose audited accounts including balance sheet, annual report,


    if any, with certified copies of income appropriation towards the
    object of the association.

    Certified that the above information is true and to the best of my knowledge and belief.
    Place
    Date Signature

    Designation

    Full address

    Notes :
    1. The application form should be sent to the Director General Income-tax (Exemptions) through the
    Commissioner of Income-tax having jurisdiction over the trust or institution. Four copies of the application
    form along with the enclosures should be sent.
    2. The applicant shall furnish any other documents or information as required by the DG Income-tax (Exemptions)
    or any authority authorised by the DG Income-tax (Exemptions).

    Printed from incometaxindia.gov.in

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