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Annexure
Statement of particulars
1. Application of income for charitable or religious purposes
a) Amount of income of the previous year applied to charitable or religious
purpose in India during that year
`
3,48,80,558
b) 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
`
1,10,00,000
c) Amount of income accumulated or set apart | finally 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 | in part
only for such purpose
`
74,77,283
d) Amount of income eligible for exemption under Section 11 (1) (c)
Nil
e) Amount of income, in addition to the amount referred to in item 3 c) above,
accumulated or set apart for a specified purpose under Section 11 (2)
Nil
f) Whether the amount of income, mentioned in item e) above has been
invested or deposited in the manner laid down in Section 11 (2) (b)?
No
g) Whether any part of the income in respect of which an option was exercised
under Clause (2) of the exemption to Section 11 (I) in any earlier year is
deemed to be income of the previous year under Section 11 (1B)?
No
h) Whether, during the previous year, any part of income accumulated or set
apart for specified purposes under Section 11 (2) in any earlier year:
No
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 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)
No
2. Application or use of income or property for the benefit of persons referred to in
section 13 (3)
a) 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)?
No
b) Whether any land, building or other property of the Trust was made, or
continued to be made, available for the use of any such person during the
previous year?
No
c) Whether any payment was made to any such person during the previous
year by way of salary, allowance or otherwise?
No
d) Whether the services of the Trust were made available to any such person
during the previous year?
Nil
Annual Report 2016-17 | Atul Foundation