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30 Annual Report 2020-21 I Atul Foundation
Annexure
Statement of particulars
1. Application of income for charitable or religious purposes
1. Amount of income of previous year applied to charitable or religious
purpose in India during that year
`
3,18,63,229
2. Whether the Trust has exercised the option under Clause (2) of the
explanation to Section 11(1)? If so, the details of the amount of income
deemed to have been applied to charitable or religious purpose in India
during the previous year
No
3. Amount of income accumulated or set apart for application to charitable
or religious purposes, to the extent it does not exceed 15% of the income
derived from property held under the Trust wholly for such purposes
Nil
4. Amount of income eligible for exemption under Section 11(1)(c)
Nil
5. Amount of income, in addition to the amount referred to in item 3 above,
accumulated or set apart for specified purpose under Section 11(2)
Nil
6. Whether the amount of income mentioned in item 5 above has been
invested or deposited in the manner laid down in Section 11(2)(b)? If so,
the details thereof
NA
7. Whether any part of the income in respect of which an option was
exercised under Clause (2) of the explanation to Section 11(1) in
any earlier year is deemed to be income of the previous year under
Section 11(1B)? If so, the details thereof
NA
8. Whether during the previous year, any part of income accumulated or
set apart for specified purposes under Section 11(2) in any earlier year:
i) has been applied for purposes other than charitable or religious
purposes or has ceased to be accumulated or set apart for application
thereto, or
No
ii) has ceased to remain invested in any security referred to in Section
11(2)(b)(I) or deposited in any account referred to in Section 11(2)(b)(ii)
or Section 11(2)(b)(iii), or
No
iii) has not been utilised for purposes for which it was accumulated or
set apart during the period for which it was to be accumulated or set
apart, or in the year immediately following the expiry thereof? If so, the
details thereof
No
2. Application or use of income or property for the benefit of persons referred to in
Section 13(3)
1. Whether any part of the income or property of the Trust was lent, or
continues to be lent, in the previous year to any person referred to in
Section 13(3) (hereinafter referred to in this Annexure as such person)?
If so, give details of the amount, rate of interest charged and the nature
of security, if any
No