#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
Bad Debt Write-Off Not an ‘Incorrect Claim’ for Section 143(1) Adjustment
Income Tax
Income Tax
Surplus from Educational Activities Doesn’t Convert Trust into Business
Corporate Law
Corporate Law
CCI can investigate anti-competitive practices in telecommunication sector inspite of Telecom Regulation
Goods and Services Tax
Goods and Services Tax
Software service to parent company on principal basis not an intermediary service
Income Tax
Income Tax
Charitable Trust acking 12A registration cannot be taxed on gross receipt: ITAT Delhi
Income Tax
Income Tax
Milk Procurement Incidental to Charitable Object; Section 11 Exemption Allowed
Corporate Law
Corporate Law
Arbitration Referred Despite Objections Because Court’s Role Is Limited at Section 11 Stage
Income Tax
Income Tax
Charitable Status of Alumni Association Upheld as Education & Aid to Poor Were Core Objects
Corporate Law
Corporate Law
ACB FIR Quashed Due to Lack of Sanction and Recycled Allegations
Income Tax
Income Tax
Transfer Pricing Assessments Quashed as Time-Barred Despite DRP Directions
Income Tax
Income Tax
Charitable Institution Exemptions: A Statutory Journey on a Tightrope
Income Tax
Income Tax
ITAT Hyderabad quashes final TP assessment as time-barred despite DRP directions
Income Tax
Income Tax
DRP Route Cannot Extend Statutory Time Limit Under Section 153
Income Tax
Income Tax
