#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
Corpus contributions cannot be grounds to deny section 12AA registration: ITAT Delhi
Corporate Law
Corporate Law
Application u/s. 10 of IBC admitted as Corporate Applicant established debt and default
Income Tax
Income Tax
Reopening of assessment cannot be based on change of opinion
Income Tax
Income Tax
ITAT Clarifies Pre-2023 Loan Rules, u/s 68 & 40(a)(ia), Major Additions Deleted
Income Tax
Income Tax
Delay in Form 10B Filing Is Curable; Section 11 Relief Allowed by ITAT Pune
Corporate Law
Corporate Law
SC Rules EPF Dues Outrank Secured Creditors Despite SARFAESI Priority
Income Tax
Income Tax
Sports Trust’s Charitable Status Sent Back for Review Due to SC’s AUDA Interpretation
Income Tax
Income Tax
Genuine Hardship Justifies 338-Day Delay in Form 10 Filing: Bombay HC
Income Tax
Income Tax
Urban Improvement Trust being State within Article 289(1) not covered under Income Tax Act
Income Tax
Income Tax
Late filing of audit report doesn’t disentitle trust from benefit of exemption u/s. 11
Custom Duty
Custom Duty
CBIC to form uniform policy permitting or prohibiting import of products declared as body massagers
Income Tax
Income Tax
Cancellation of registration u/s. 12AA without satisfying conditions u/s. 12AB(4)(ii) not justifiable
Income Tax
Income Tax
Section Registration 12AB Cannot Be Cancelled for Past Alleged Misdeeds: ITAT Delhi
Income Tax
Income Tax
