#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.
Corporate Law
Corporate Law
Co-operative Society can only submit resolution plan for corporate debtor in same line of business
Income Tax
Income Tax
Late Form 10B Filing Not Fatal—ITAT Allows Exemption if Audit Report Filed Before Processing
Income Tax
Income Tax
11-Year Delay Not Condoned: Mere Rectification Plea No Excuse
Income Tax
Income Tax
ITAT Deletes Addition as Income Was Disclosed Despite Wrong Schedule Entry
Income Tax
Income Tax
Section 12AB & 80G Registration Cannot Be Denied for No Irrevocability Clause: ITAT Mumbai
Income Tax
Income Tax
ITAT Mumbai Quashed Reassessment Due to Wrong Assessment Year in Recorded Reasons
Income Tax
Income Tax
SROs Qualify as Charitable Entities under General Public Utility: Section 2(15) – ITAT Delhi
Income Tax
Income Tax
Sports Training Treated as ‘Education’; Section 12AB & 80G Registration Allowed
Income Tax
Income Tax
Retrospective cancellation of registration of Charitable Status invalid: ITAT Lucknow
Income Tax
Income Tax
Surplus Income Does Not Deny Education Exemption if Institution Exists Solely for Educational Purpose
Income Tax
Income Tax
Delay Beyond 365 Days in Filing Form 10B Cannot Be Condoned by CIT Due to CBDT Limit: Bombay HC
Income Tax
Income Tax
Section 11 Exemption Cannot Be Denied Due to Delay in Filing Audit Report: ITAT Mumbai
Income Tax
Income Tax
Delay in 12AB Filing Condoned as ITAT Mumbai Finds Reasonable Cause & Ignored Plea
Income Tax
Income Tax
