#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
Section 11 Exemption Allowed Because Late Form 10B Is Procedural
Income Tax
Income Tax
Charitable Exemption Denial Quashed Due to Correctable ITR Mistakes
Corporate Law
Corporate Law
License of EOU by DoC is not equal to industrial License by DPIIT
Income Tax
Income Tax
No Valid 153C Jurisdiction, No Power Under Section 263
Income Tax
Income Tax
Rectification Rejected as U/s 143(1) Intimation Had Attained Finality
Income Tax
Income Tax
Name the Charge or Lose the Penalty, U/s 270A Proceedings Collapse
Income Tax
Income Tax
Setting off short term capital loss against non-STT gains and then against STT gains is permissible in law
Income Tax
Income Tax
Internal Government Process No Ground for Delay Condonation
Income Tax
Income Tax
Educational Trust Entitled to Section 80G After 12AB Approval
Income Tax
Income Tax
Exemption Allowed Because Auditorium Hiring Was Incidental to Charity
Income Tax
Income Tax
Charitable Status Denied Because Activities Were Commercial in Nature
Custom Duty
Custom Duty
Power of revocation of detention orders not vested with detaining authority under COFEPOSA Act
Income Tax
Income Tax
CSR Grants Are Tied-Up Funds, Not Free Income of Charitable Trust
Income Tax
Income Tax
