#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
Form 10B Filed Before Due Date: ITAT Allows Section 11 Exemption
Income Tax
Income Tax
Sudarshan Kriya Programs Recognized as Charitable Education & Medical Relief
Income Tax
Income Tax
Scope of 12AA Is Limited: Tribunal Quashes Rejection Based on Vehicle Use and Capitation Fee Claims
Income Tax
Income Tax
Event Income Within 20% Limit, Section 11 Exemption Allowed by ITAT
Income Tax
Income Tax
Section 11 Exemption Cannot Be Denied for Late Form 10B – Delay Held Procedural
Income Tax
Income Tax
Government Grant Held Non-Income Despite AO’s 15% Surplus Addition
Income Tax
Income Tax
Delayed Form 10B Filing Not Fatal: ITAT Remands Exemption Case
Income Tax
Income Tax
Delhi ITAT Quashes Reopening Based on Mere Audit Objection: No New Material to Invoke Section 147
Income Tax
Income Tax
ITAT Cannot Uphold Section 263 Revision on Grounds Not Raised by Commissioner: Kerala HC
Income Tax
Income Tax
ITAT Rules Exemption Cannot Be Denied for Curable Form 10B Defect
Income Tax
Income Tax
No question of denying exemption u/s. 11 since there is no retention of income
Income Tax
Income Tax
Section 11 Exemption Preserved: Old Accumulations Utilised Within 6 Years Not Taxable
Income Tax
Income Tax
Delay in filing Form No. 9A condoned as form 9A newly introduced
Corporate Law
Corporate Law
