#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
Separate Books Allegation Can’t Be Basis Without Prior Show Cause
Income Tax
Income Tax
ITAT Mumbai Restored Section 11 Exemption After Delay in Form 10B is Condoned
Income Tax
Income Tax
Section 11 Exemption Denied as Coaching Activity Held Commercial
Income Tax
Income Tax
Section 11 Exemption Denied for Missing Form 10B Held Invalid at 143(1) Stage
Corporate Law
Corporate Law
Karta Personally Liable for HUF’s Unsatisfied Award Dues: Bombay HC
Income Tax
Income Tax
CSR Solar Power Not Charitable Without Public Benefit: ITAT Bangalore
Income Tax
Income Tax
Delay in Form 10 Filing Cannot Deny Section 11 Exemption: Madras HC
Income Tax
Income Tax
Form-10B Delay Due to Pandemic Gets Fresh Hearing by ITAT
Income Tax
Income Tax
Inter-Charity Donations is Valid Application of Income: ITAT Delhi
Corporate Law
Corporate Law
Appeal Does Not Abate If Estate Is Sufficiently Represented: SC
Income Tax
Income Tax
Trust’s Accumulation Period Cannot Be Shortened Due to Prospective Section 11 Amendment
Income Tax
Income Tax
Wrong Form 10BB Entry Leads to Denial of Section 11 Exemption
Income Tax
Income Tax
Delay in Form 10AB Filing Held Condonable Under Section 12AB
Income Tax
Income Tax
