#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
Canara Bank Wins on Multiple Tax Issues; Bangalore ITAT Dismisses Revenue’s 18 Grounds of Appeal
Income Tax
Income Tax
Bombay HC Condones 113-Day Delay in Form 10B Filing Due to COVID
Income Tax
Income Tax
ITAT Quashes Black Money Assessment as TOLA Extensions Not Cover Black Money Act
Income Tax
Income Tax
Denial of Section 11 Exemption Doesn’t Trigger Section 115BBE: ITAT Mumbai
Income Tax
Income Tax
No Double Deduction If Loan-Funded Application Was Excluded Earlier: Bangalore ITAT Allows Trust’s Loan Repayment Claim
Income Tax
Income Tax
Capital Spending on School Infrastructure is Application of Income: ITAT Delhi
Income Tax
Income Tax
CIT(E) Cannot Judge Hospital Tariffs to Decide Charity: ITAT Restores Reliance Hospital Trust’s U/s 12AB Registration
Income Tax
Income Tax
Taxation of Charitable & Religious Trusts: A Guide to Sections 11–13 – Part-II
Income Tax
Income Tax
ITAT Deletes LTCG Addition as Mere Suspicion Cannot Replace Evidence in Penny Stock Cases
Income Tax
Income Tax
Taxation of Charitable & Religious Trusts: A Guide to Sections 11–13 – Part-I
Income Tax
Income Tax
Taxability of income of charitable or religious trusts
Custom Duty
Custom Duty
DRI Show Cause Notice was quashed as proceedings initiated by Officers other than ‘Proper Officer’ were void
Income Tax
Income Tax
Missed Form 10? ITAT Gives Trust a Lifeline – AO Directed to Await Condonation Decision Before Denying Section 11(2) Benefit
Income Tax
Income Tax
