From,

…………………………………..

…………………………………..

Dated ………………………..

To,

Assistant Director of Income tax (Exemptions)

Circle/Ward …………………….

Dear Sir/Madam,

Subject :  Application for exercise of option under clause (2) of the explanation to section 11(1)

PAN No ……………

In the case of ………………. Exercise of option under clause (2) of Explanation to section 11(1) of the Income -tax Act, 1961 for assessment year …………………….. The income of ……………………., including voluntary contributions, etc., received during the year ended ……………………… amounted to Rs. …………………………

We were required to spend for charitable purposes …………………. of this, equal to Rs. …………….. plus Rs. …………………..  brought forward from the earlier year, being the deficiency in application of income to charitable purposes in that year. Thus, the total amount required to be applied to charitable purposes during the previous year was Rs. …………….. However, we were able to spend only Rs. ……………… this year leaving a deficiency of Rs. ………………
We hereby exercise the option allowed under clause (2) of the Explanation to section 11(1) of the Income-tax Act, 1961 to make good the aforementioned deficiency during the year ending on …………..

For any further assistance or professional support related to PAN, Aadhaar, ITR, GST, or other legal compliances, you may visit:
👉 www.companymitra.com

Thanking you

Yours faithfully

……………………….