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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.

1,165 articles
Income TaxCharitable Trust Exemption Restored as Delay in Form 10B Filing Alone cannot Defeat Claim
Income Tax

Charitable Trust Exemption Restored as Delay in Form 10B Filing Alone cannot Defeat Claim

CA Sandeep Kanoi4 months ago
Income TaxGenuine Educational Activities Prevail Over Alleged Irregularities: Delhi ITAT Restores Trust Registration
Income Tax

Genuine Educational Activities Prevail Over Alleged Irregularities: Delhi ITAT Restores Trust Registration

CA Vijayakumar Shetty4 months ago
Income TaxDelay in Form 10B Filing No Bar to Section 11 Exemption: Bangalore ITAT
Income Tax

Delay in Form 10B Filing No Bar to Section 11 Exemption: Bangalore ITAT

CA Vijayakumar Shetty4 months ago
Income TaxExtensive Charitable Activities shield educational society from denial of exemption and retrospective cancellation of registration
Income Tax

Extensive Charitable Activities shield educational society from denial of exemption and retrospective cancellation of registration

RATHI4 months ago
Income TaxITAT Allows Section 10(23C)(vi) Exemption From AY 2018-19 Due to Binding Earlier Tribunal Order
Income Tax

ITAT Allows Section 10(23C)(vi) Exemption From AY 2018-19 Due to Binding Earlier Tribunal Order

CA Sandeep Kanoi4 months ago
Income TaxBelated Form 10E Cannot Automatically deny Section 89 Relief: ITAT Indore
Income Tax

Belated Form 10E Cannot Automatically deny Section 89 Relief: ITAT Indore

CA Sandeep Kanoi4 months ago
Income TaxBangalore ITAT Grants Relief as Revised Form 10 Filed Before Assessment Saved ₹1.44 Cr Claim
Income Tax

Bangalore ITAT Grants Relief as Revised Form 10 Filed Before Assessment Saved ₹1.44 Cr Claim

CA Vijayakumar Shetty4 months ago
Income TaxPrinting & Sale of Books Qualifies as ‘Education’: ITAT Restores Section 11 Exemption
Income Tax

Printing & Sale of Books Qualifies as ‘Education’: ITAT Restores Section 11 Exemption

CA Vijayakumar Shetty4 months ago
Income TaxITAT Deletes Software Expense Disallowance for Lack of Evidence of Sham Transactions
Income Tax

ITAT Deletes Software Expense Disallowance for Lack of Evidence of Sham Transactions

CA Sandeep Kanoi4 months ago
Income TaxMedical Conferences Also Qualify as Education, Restores 80G Approval of Cardiology Association: ITAT Chennai
Income Tax

Medical Conferences Also Qualify as Education, Restores 80G Approval of Cardiology Association: ITAT Chennai

CA Vijayakumar Shetty4 months ago
Income Tax12A Registration Cannot Be Rejected Solely for Wrong Clause Selection in Form 10AB: ITAT Nagpur
Income Tax

12A Registration Cannot Be Rejected Solely for Wrong Clause Selection in Form 10AB: ITAT Nagpur

CA Sandeep Kanoi5 months ago
Income TaxSubsequent 12AA Registration Saves Trust: ITAT Treats Corpus Donation as Capital Receipt, Deletes Tax Addition
Income Tax

Subsequent 12AA Registration Saves Trust: ITAT Treats Corpus Donation as Capital Receipt, Deletes Tax Addition

CA Vijayakumar Shetty5 months ago
Income TaxITAT Sets Aside CIT(A) Order for Ignoring Bombay HC Interim Relief on Section 10(23C) Exemption Claim
Income Tax

ITAT Sets Aside CIT(A) Order for Ignoring Bombay HC Interim Relief on Section 10(23C) Exemption Claim

CA Sandeep Kanoi5 months ago
Income TaxDelayed Form 10B Filing Not Enough to Deny Section 11 Exemption Exemption
Income Tax

Delayed Form 10B Filing Not Enough to Deny Section 11 Exemption Exemption

CA Sandeep Kanoi5 months ago