#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
CIT(E) Must Examine Section 80G Applications on Merits, Not Technicalities: ITAT Mumbai
Income Tax
Income Tax
Delay in Form 10AB Filing Can Be Condoned If Reasonable Cause Exists: ITAT Mumbai
Income Tax
Income Tax
Bombay HC condones Delay in Filing Form 10B Due to Genuine Hardship
Income Tax
Income Tax
Exemption u/s. 11/12 granted based on proviso to section 12A(2)
Income Tax
Income Tax
Exemption u/s. 10(23C)(iv) cannot be denied due to inadvertent error
Goods and Services Tax
Goods and Services Tax
ITAT Mumbai Condones 39-Day Delay in Form 10B Filing
Income Tax
Income Tax
Activity of hostel/mess being part of main activity eligible for 15% standard exemption u/s. 11(1)(a)
Income Tax
Income Tax
Revision u/s. 263 quashed as object advancement of general public utility held as charitable purpose
Income Tax
Income Tax
Delay in filing audited report due yo auditor’s mistake cannot invalidate exemption u/s. 11 and 12
Income Tax
Income Tax
Late Filing of Form 10B Valid if Before Assessment Completion: ITAT Mumbai
Income Tax
Income Tax
Exemption Can’t Be Denied for Late Form 10B Filing: ITAT Kolkata
Corporate Law
Corporate Law
Mere Use of Word ‘Arbitration’ Not Enough to Create Arbitration Agreement: SC
Income Tax
Income Tax
Pune ITAT Allows Charitable Exemption Despite Delayed filing of Form 10B
Income Tax
Income Tax
