#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
Condition of investment of corpus donation in prescribed mode u/s. 11(5) effective only from 01.04.2022
Income Tax
Income Tax
Single order with single DIN against multiple appeals on identical issue is valid: Kerala HC
Income Tax
Income Tax
Section 10(34)/(35) Exemption Allowed Despite Sec. 11 Denial: ITAT Mumbai
Income Tax
Income Tax
Caste-based objects no bar for pre-1961 Act trusts – 1930 religious trust protected from s.13 bar entitled to Section 11 & 12 benefits
Income Tax
Income Tax
Sports Club Receipts Within 20% Safe Harbour; Section 263 Revision Set Aside: ITAT Pune
Income Tax
Income Tax
Rental Income Not a Bar to 12A Registration When Applied to Charity: ITAT Pune
Income Tax
Income Tax
Donor’s Written Direction Not Mandatory for Corpus Donations: Karnataka HC
Income Tax
Income Tax
Delay in Filing Form 10B Condoned Due to Auditor’s Error: Bombay HC
Income Tax
Income Tax
Section 13 provisions cannot be invoked at time of granting registration u/s. 12A
Income Tax
Income Tax
Delay of 29 days in filing Form No. 10B condoned as denial of exemption u/s. 11 will cause genuine hardship
Income Tax
Income Tax
ITAT Delhi Deletes Capitation Fee Additions Against Educational Trust
Company Law
Company Law
Corporate Insolvency Initiated for Loss-Making Builder Despite Financial Creditor Objections
Company Law
Company Law
CIRP admitted as there is default in repayment of debt and application u/s. 10 is complete
Income Tax
Income Tax
