#section 11
Log in to FollowIncome 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.
Income Tax
Income Tax
Karnataka HC Sets Aside Time-Barred KVAT Revision Orders Beyond Five Years
Income Tax
Income Tax
ITAT Pune Upholds Tax on Capitation Fees of Educational Trust
Income Tax
Income Tax
ITAT Mumbai Quashed Retrospective Cancellation of Section 12AB Registration of Charitable Hospital Trust
Income Tax
Income Tax
Section 12A Registration Cannot Be Cancelled Under Section 12AB(4): ITAT Bangalore
Income Tax
Income Tax
Irrevocability Clause Absence Cannot Defeat Section 12AB Registration: Bombay HC
Income Tax
Income Tax
Charitable Registration Can’t Be Denied Without Proper Examination of Activities: ITAT Delhi
Income Tax
Income Tax
Section 12AB Registration Rejected Over Object Allowing Activities Outside India: ITAT Mumbai
Income Tax
Income Tax
Section 12AB Registration Denied to Trust Benefiting Particular Community: ITAT Ahmedabad
Income Tax
Income Tax
Section 12AA Registration Cannot Be Cancelled on Mere Capitation Fee Allegations: ITAT Chennai
Income Tax
Income Tax
Section 13 Violation Does Not Warrant Denial of Entire Section 11 Exemption: ITAT Delhi
Service Tax
Service Tax
Performance Bank Guarantee Invocation Quashed for Unrelated Earlier Contract Claim: Calcutta HC
Income Tax
Income Tax
Only Net Income of Trust Taxable Despite Section 11 Denial: ITAT Hyderabad
Income Tax
Income Tax
ITAT Bangalore Upholds Relief on Section 14A, MAT & Depreciation for Canara Bank
Income Tax
Income Tax
