Income accumulated u/s 11(2) needs to be disclosed in Audit Report i.e. Form 10B
Any Organization or Association registered u/s 12A needs to submit an Audit Report in Form 10B.
Any income not applied for charitable or religious purposes in the particular year may be accumulated or set aside for specified purposes as per section 11(2) of the Income Tax Act.
Further, any income accumulated or set aside for specified purposes under the above mentioned section needs to be disclosed in said Audit Report.