#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
Application u/s. 80G inadvertently considered as application u/s. 12AB: Matter restored
Income Tax
Income Tax
Delay in Form 10B Is Procedural: CPC Cannot Deny U/s 11 Exemption at U/s 143(1) Stage
Income Tax
Income Tax
Section 11 Relief Restored: Education Trust Not Bound by Rigid Form-10 Purpose
Income Tax
Income Tax
Withdrawal of approval u/s. 10(23C)(vi) without corroborative evidence of personal benefit not justifiable
Income Tax
Income Tax
Delayed Form 10B is Curable Procedural Lapse: ITAT Ahmedabad
Income Tax
Income Tax
Delay in Form 10-B Filing Conditionally Allowed Due to Treasurer’s Age & Pandemic
Income Tax
Income Tax
filing of Audit report in form 10B is directory is nature & not mandatory- Delay condoned
Income Tax
Income Tax
Bombay HC Condones 1,257-Day Delay in Form 10B Due to Bona Fide Professional Lapse
Income Tax
Income Tax
Bombay HC Condones 2732-day Delay in Electronic Filing of Form 10B
Income Tax
Income Tax
Hyper-Technical Rejection of Form 10B Set Aside by High Court
Income Tax
Income Tax
Section 11 Exemption Restored as Form 10B Was Filed Within Due Date
Income Tax
Income Tax
Belated Form 10B Doesn’t Warrant Taxing Entire Receipts
Income Tax
Income Tax
Mere mention of foreign studies cannot block Section 80G registration: ITAT Mumbai
Corporate Law
Corporate Law
