#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
Section 11 & 12 Exemption cannot Be Denied Merely for Late Form 10B, Corpus Donations Exemption Cannot Be Denied Without Hearing
Income Tax
Income Tax
Section 12AB Renewal for Small Charitable Trusts: 5-Year vs. 10-Year Validity
Income Tax
Income Tax
Interest on Loan Is a Valid Application of Income for Charitable Trusts: ITAT Chennai
Income Tax
Income Tax
Non-Receipt of Notice & CA’s Death Justifies Non-Compliance: ITAT Bangalore
Income Tax
Income Tax
ITAT Jaipur Denies Charitable Exemption Over Misuse of Cloth Merchant Trust Funds
Income Tax
Income Tax
Amendment to s.11(3) Prospective: Old Accumulations Retain 6-Year Window
Income Tax
Income Tax
Minor Lapses Can’t Kill Charitable Status: Tribunal Quashes 12AB Cancellation of Educational Trust
Income Tax
Income Tax
ITAT Kolkata Condoned 440-Day Delay, Remands Appeal on Section 12A Exemption Claim
Income Tax
Income Tax
ITAT Mumbai Allows Condonation for Rotary Trust’s 12A Re-Registration Error
Income Tax
Income Tax
Error in Income Tax Return Must Be Corrected by Revised Return, Not Rectification
Income Tax
Income Tax
Belated Return Not Fatal for Section 11 Exemption Prior to AY 2018-19: ITAT Cochin
Income Tax
Income Tax
Exemption u/s 11 and 12 could not be denied to Charitable Trust if Audit Report was filed by extended due date even if after the filing of ITR
Income Tax
Income Tax
ITAT Lucknow Quashes ₹85 Crore Additions Against Educational Trust
Income Tax
Income Tax
