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#section 11

Income 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.

1,166 articles
Income TaxSection 11 Exemption Cannot Be Denied for Missing Registration Details in ITR
Income Tax

Section 11 Exemption Cannot Be Denied for Missing Registration Details in ITR

CA Sandeep Kanoi10 months ago
Income TaxDonations Linked to Milk Supply Not Corpus; Section 11(1)(d) Exemption Denied
Income Tax

Donations Linked to Milk Supply Not Corpus; Section 11(1)(d) Exemption Denied

CA Sandeep Kanoi10 months ago
Income TaxSection 80G Cannot Be Denied Merely for Possibility of Overseas Application: ITAT Orders Approval
Income Tax

Section 80G Cannot Be Denied Merely for Possibility of Overseas Application: ITAT Orders Approval

CA Vijayakumar Shetty10 months ago
Income TaxNeurology conferences and workshops covered u/s. 2(15) hence exemption u/s. 11 admissible
Income Tax

Neurology conferences and workshops covered u/s. 2(15) hence exemption u/s. 11 admissible

POONAM GANDHI10 months ago
Income TaxCourses not having any approval with any authority cannot be reason to deny benefit u/s. 11
Income Tax

Courses not having any approval with any authority cannot be reason to deny benefit u/s. 11

POONAM GANDHI10 months ago
Income TaxTribunal Restores Section 12A Exemption Despite CPC’s Technical Objection
Income Tax

Tribunal Restores Section 12A Exemption Despite CPC’s Technical Objection

CA Vijayakumar Shetty10 months ago
Income TaxBenefit of Accumulation to Trust Restored as Form 9A Not Required for AY 2015-16
Income Tax

Benefit of Accumulation to Trust Restored as Form 9A Not Required for AY 2015-16

CA Sandeep Kanoi10 months ago
Income TaxActivities for Mahyavanshi Samaj Don’t Bar Registration for Pre-1961 Trust: ITAT Mumbai
Income Tax

Activities for Mahyavanshi Samaj Don’t Bar Registration for Pre-1961 Trust: ITAT Mumbai

CA Sandeep Kanoi10 months ago
Income TaxITAT Sets Aside Assessment to Examine Exemption Claim on Government Grant
Income Tax

ITAT Sets Aside Assessment to Examine Exemption Claim on Government Grant

CA Sandeep Kanoi10 months ago
Income TaxAssessment Remanded Because Section 12A Registration & Condonation Issues Were Still Pending
Income Tax

Assessment Remanded Because Section 12A Registration & Condonation Issues Were Still Pending

CA Vijayakumar Shetty10 months ago
Goods and Services TaxUnutilised ITC of compensation cess allowed as refund even when goods are exported on payment of IGST
Goods and Services Tax

Unutilised ITC of compensation cess allowed as refund even when goods are exported on payment of IGST

POONAM GANDHI10 months ago
Income TaxSection 11 exemption cannot be denied solely for delayed Form 10B uploading
Income Tax

Section 11 exemption cannot be denied solely for delayed Form 10B uploading

CA Sandeep Kanoi10 months ago
Income TaxDonation in accordance with object of the trust cannot be disallowed
Income Tax

Donation in accordance with object of the trust cannot be disallowed

POONAM GANDHI10 months ago
Income TaxTax Slab Benefit Allowed Because Trust Not Liable for Maximum Marginal Rate
Income Tax

Tax Slab Benefit Allowed Because Trust Not Liable for Maximum Marginal Rate

CA Jatin Minocha10 months ago