Amendment of section 11.

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..... iting before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income) , the brackets and words (such option to be excercised before the expiry of the time allowed under sub-section (1) of section 139 for furnishing the return of income, in such form and manner as may be prescribed) shall be substituted; (II) in sub-section (2), for clauses (a) and (b .....

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..... income could not be applied for the purpose for which it is so accumulated or set apart, due to an order or injunction of any court, shall be excluded. . - Clause 8 of the Bill seeks to amend section 11 of the Income tax Act relating to income from property held for charitable or religious purposes. Sub-section (2) of the aforesaid section provides that where eighty-five per cent. of the income i .....

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..... modes specified in sub-section (5) of section 11. With a view to amend the conditions specified in sub-section (2) of the aforesaid section, it is proposed to insert a new clause to provide that the statement referred to in the said clause (a) is required to be furnished on or before the due date specified under sub-section (1) of section 139 for furnishing the return of income for the previous y .....

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