#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
Delay in filing Form 10B could not be a ground to deny exemption u/s 11 & 12 when report was available before CPC order
Income Tax
Income Tax
Late Filing of Form 10B/10BB Not Fatal: ITAT Kolkata Grants Trust Exemption
Income Tax
Income Tax
15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune
Income Tax
Income Tax
Delay in filing Form No. 10 condoned as likely to cause genuine hardship
Income Tax
Income Tax
Trust Surcharge Restricted to 15% as Finance Act Overrides Maximum Marginal Rate
Income Tax
Income Tax
Section 11 Exemption Cannot Be Denied Merely for Non-Production of 12A Certificate When 80G Proof Exists
Income Tax
Income Tax
ITAT Kolkata Restores 12A Registration – Bengal Chamber of Commerce Recognised as Charitable Entity
Income Tax
Income Tax
Corpus Donations Cannot Be Taxed If Written Direction Exists: ITAT Mumbai
Income Tax
Income Tax
Charitable Exemption Upheld: AO Must Accept Valuer Report If DVO Reference Not Made
Income Tax
Income Tax
No Depreciation on Assets Already Treated as Applied Income: ITAT Directs Fresh Verification
Income Tax
Income Tax
Activities of Statutory Urban Development Body Not Commercial: ITAT allows Section 11 Exemption
Income Tax
Income Tax
Charitable Trusts Not Claiming Section 11 Exemption Taxable at Normal Slab Rates
Income Tax
Income Tax
Delay in 80G Registration Due to Portal Glitches Condoned by ITAT Mumbai
Income Tax
Income Tax
