#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
Final Assessment Quashed for Breach of Statutory Time Limits
Income Tax
Income Tax
Section 80G Renewal Cannot Be Denied for Curable Defects or Proposed Object-Clause Amendment
Income Tax
Income Tax
Section 11 exemption granted as surplus from vocational training used only for educational purpose
Income Tax
Income Tax
Penny Stock LTCG Held Genuine Despite Investigation Reports: ITAT Mumbai
Income Tax
Income Tax
DRP assessment quashed as time-barred – Section 153 overrides Section 144C timelines
Income Tax
Income Tax
12AB Denial Set Aside for Foreign Studies Grant; Funds Applied in India; Delay Condoned
Income Tax
Income Tax
Trust Registration Cancellation Quashed for Lack of Jurisdiction
Income Tax
Income Tax
Technical Lapse Ignored: ITAT Upholds Section 11 Exemption Despite Late 10B
Income Tax
Income Tax
Contribution to State Nodal Agency Allowed as Application of Income
Income Tax
Income Tax
Technical Mistake in Form 10AB Can’t Block U/s 12A Approval: ITAT Kolkata
Income Tax
Income Tax
Benefit of indexed cost of acquisition allowed while computing book profit u/s. 115JB
Income Tax
Income Tax
ITAT Bangalore Upholds Cancellation of 12AB Registration for Influencing Media Content
Income Tax
Income Tax
Belated Form 10B Filing Does Not Bar Section 11 Exemption
Income Tax
Income Tax
