#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
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
Benami Demat & Large IPO Applications Have Little Criminal Overtone: Bombay HC
Income Tax
Income Tax
ITAT Delhi Remands DDA’s 2(15) Exemption Dispute for Fresh Examination
Income Tax
Income Tax
Corpus contributions cannot be grounds to deny section 12AA registration: ITAT Delhi
Corporate Law
Corporate Law
