#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
U/s 12AB registration cannot be denied on apprehensions – Matter restored; U/s 80G rejection also set aside – ITAT Mumbai
Income Tax
Income Tax
Charitable Trust Taxed at Slab Rates – MMR Application Held Incorrect
Income Tax
Income Tax
TDS Default u/s 201 – Matter Remanded for Verification of Payees’ Tax Payment
Income Tax
Income Tax
Denial of Section 11 Exemption Does Not Permit Taxation of Gross Receipts: ITAT Mumbai
Income Tax
Income Tax
Gujarat HC Allowed Section 11 Exemption Despite Late filing of Form 10B
Income Tax
Income Tax
Section 11 Exemption allowed as Form 10B was available with AO before assessment
Income Tax
Income Tax
Sec. 11 exemption was allowed on Industrial Development Corporation’s infrastructure activities
Income Tax
Income Tax
Charitable Exemption Disallowance Requires Proper Assessment, Not CPC Adjustment ITAT Jodhpur
Income Tax
Income Tax
Denial of depreciation to trust not justified as genuineness of building construction expense proved
Corporate Law
Corporate Law
SBP Regime: Once Arbitrator Appointed U/s 11, Validity of Arbitration Clause Cannot Be Reopened U/s 34
Income Tax
Income Tax
Delay in Filing Form 10AB Can Be Condoned After Finance Act 2024 Amendment
Income Tax
Income Tax
Interest on Unutilised Government Grants Exempt: ITAT Ahmedabad
Income Tax
Income Tax
Charitable Trust Entitled to Indexation Benefit on Capital Gains & Simultaneous Deduction u/s 11(1)(a) and 11(1A)
Income Tax
Income Tax
