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section 11

Income received from a charitable/religious trust will be tax-exempt under Section 11, provided that the activity being performed is incidental to the attainment of objectives set by the trust/institution, and separate books of account are maintained by the particular trust/institution pertaining to the business. In this article, we look at some of the major exemptions provided under Section 11 of the Income Tax Act.

Latest Articles


Exemption claimed under wrong section cannot be denied

Income Tax : Learn why exemptions claimed under the wrong section in Income Tax Returns can be rectified under Section 154. Explore legal prece...

April 8, 2024 1440 Views 0 comment Print

Amendments Effective From 1st April, 2024 For Charitable Trusts

Income Tax : Understand the latest amendments impacting Charitable Trusts from April 1, 2024. Learn about amendments in Section 11 of the Incom...

April 6, 2024 20115 Views 2 comments Print

Understanding Section 43B(h) | Impact on MSME Payments

Income Tax : Understand the impact of Section 43B(h) on businesses: Learn about deductions for MSME payments and the importance of timely payme...

April 2, 2024 10917 Views 3 comments Print

Assessment of Charitable and Religious Trusts and Institutions

Income Tax : Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institu...

February 2, 2024 8088 Views 0 comment Print

Understanding Trademark Objection: Section 11 Refusal Grounds

Corporate Law : Explore Section 11 of Trademarks Act, 1999, detailing grounds for refusal. Learn how to avoid trademark objection and enhance regi...

January 23, 2024 1500 Views 0 comment Print


Latest News


Tax Exemption Status of BCCI: Recent Developments & Future Prospects

Income Tax : Dive into Lok Sabha Unstarred Question No. 2302 to understand the tax exemption status of BCCI, potential changes, and insights in...

December 19, 2023 717 Views 0 comment Print

Application of funds by trust can be made only on actual payment basis

CA, CS, CMA : ICAI clarified that application of funds can only be made on actual payment basis in case of charitable trusts. This amendment is ...

September 14, 2022 30237 Views 1 comment Print

How to file Form 10BD – Part-B Details of donors & donation

Income Tax : These instructions are guidelines to help the taxpayers for filling the particulars in CSV template in Part-B Details of donors an...

April 27, 2022 73167 Views 25 comments Print

Improper drastic changes in Income tax provisions relating to Trusts/NGOs

Income Tax : CA Shailesh R Ghedia president of BJP Professional Cell, Mumbai has written a letter to Honorable Finance Minister, Smt. Nirmala S...

April 30, 2021 9165 Views 1 comment Print

Representation to FM on Concerns of Chartered Accountants

CA, CS, CMA, Income Tax : We have not noticed any heed being extended towards various issues and possible solutions we have proposed through those represent...

January 30, 2021 2808 Views 0 comment Print


Latest Judiciary


CESTAT Allahabad Orders Return of Gold Seized by Custom Authorities

Custom Duty : Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wa...

May 17, 2024 273 Views 0 comment Print

Bombay HC Directs JCIT to Supply Section 12A Exemption Certificate

Income Tax : Bombay High Court grants petition, orders JCIT to provide copy of exemption certificate under Section 12A of Income Tax Act to Sai...

May 10, 2024 1185 Views 0 comment Print

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

Income Tax : Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers...

April 28, 2024 9189 Views 0 comment Print

Depreciation not claimed as application of income U/s 11: ITAT directing re-adjudication

Income Tax : Explore the ITAT Bangalore case involving depreciation income versus deferred grant income, directing re-adjudication for proper a...

March 27, 2024 711 Views 0 comment Print

Body Massager cannot be Classified as Adult Sex Toy: Bombay HC

Custom Duty : Bombay High Court overturns ruling categorizing body massager as adult sex toy, finding officer's perception not backed by law. Re...

March 24, 2024 1041 Views 0 comment Print


Latest Notifications


Section 11-CBDT notifies online forms for accumulation of income by a trust

Income Tax : NOTIFICATION NO. 03/2016 Exercise of option etc under section 11. (1) The option to be exercised in accordance with the provisions...

January 14, 2016 8620 Views 0 comment Print

CBDT guidelines for NGOs seeking exemption U/s. 11 for providing relief to earthquake hit people in Nepal- Part III

Income Tax : Part III of the Standard Operating Procedure (SOP) (Part I - 08.07.2015) for making application for claim of tax exemption u/s 11(...

July 27, 2015 564 Views 0 comment Print

CBDT guidelines for NGOs seeking exemption U/s. 11 for providing relief to earthquake hit people in Nepal- Part I

Income Tax : Many NGOs and Charitable Organizations in India have expressed desire to support relief and rehabilitation work for the benefit of...

July 8, 2015 1492 Views 0 comment Print

Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT& ITES SEZs

Corporate Law : Section 11 of the Special Economic Zones Act, 2005 – Development Commissioner – Rescission of all previous notifications appoi...

December 23, 2010 378 Views 0 comment Print

SEBI circular on Quarterly Reporting by Foreign Venture Capital Investors (FVCI)

SEBI : Format for the quarterly report on venture capital activity to be submitted by Foreign Venture Capital Investors has been revised ...

January 12, 2010 1791 Views 0 comment Print


Latest Posts in section 11

CESTAT Allahabad Orders Return of Gold Seized by Custom Authorities

May 17, 2024 273 Views 0 comment Print

Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wasn’t smuggled. Learn about the case of Commissioner of Customs (Preventive) vs. Sai Max Jewelers.

Bombay HC Directs JCIT to Supply Section 12A Exemption Certificate

May 10, 2024 1185 Views 0 comment Print

Bombay High Court grants petition, orders JCIT to provide copy of exemption certificate under Section 12A of Income Tax Act to Sai Baba Sewa Mandal.

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

April 28, 2024 9189 Views 0 comment Print

Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers’ rights. Detailed analysis and implications.

Exemption claimed under wrong section cannot be denied

April 8, 2024 1440 Views 0 comment Print

Learn why exemptions claimed under the wrong section in Income Tax Returns can be rectified under Section 154. Explore legal precedents and guidelines for taxpayers.

Amendments Effective From 1st April, 2024 For Charitable Trusts

April 6, 2024 20115 Views 2 comments Print

Understand the latest amendments impacting Charitable Trusts from April 1, 2024. Learn about amendments in Section 11 of the Income Tax Act, corpus donations, deductions, and audit report requirements.

Understanding Section 43B(h) | Impact on MSME Payments

April 2, 2024 10917 Views 3 comments Print

Understand the impact of Section 43B(h) on businesses: Learn about deductions for MSME payments and the importance of timely payments to avoid penalties and interest.

Depreciation not claimed as application of income U/s 11: ITAT directing re-adjudication

March 27, 2024 711 Views 0 comment Print

Explore the ITAT Bangalore case involving depreciation income versus deferred grant income, directing re-adjudication for proper application under Section 11.

Body Massager cannot be Classified as Adult Sex Toy: Bombay HC

March 24, 2024 1041 Views 0 comment Print

Bombay High Court overturns ruling categorizing body massager as adult sex toy, finding officer’s perception not backed by law. Read the detailed analysis.

Claim of application of income for charitable purpose u/s 11 & 12 cannot be denied on mere technicalities

March 20, 2024 489 Views 0 comment Print

Delve into the case of Asha Modern Educational Society challenging the denial of income application for charitable purpose under Sections 11 & 12 of the IT Act. Detailed analysis and conclusions provided.

Even if Form 10B is filed at a later stage, Section 11 exemption cannot be denied

March 20, 2024 582 Views 0 comment Print

Anjana Foundation Vadodara vs A.O.: Ahmedabad ITAT clarifies that advance filing of Form 10B isn’t mandatory for claiming exemption under Sections 11 & 12.

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