#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
Material from internet is not cogent evidence which can justify invocation of section 13
Income Tax
Income Tax
Vedic Gurukulam is “Charitable,” Not “Religious,” for Tax Exemption: ITAT Bangalore
Income Tax
Income Tax
Marwari Preference Clause Not a Breach of Section 13(1)(b): ITAT Mumbai
Income Tax
Income Tax
Sale of property to trustee at market value not violates Section 13(1)
Income Tax
Income Tax
ITAT Mumbai Deletes ₹2936 Cr Penalty on CGTMSE – Section 2(15) Proviso Not Attracted
Income Tax
Income Tax
Interest on housing loan includible in cost of acquisition u/s. 48 provided not claimed as deduction u/s. 24(b)
Income Tax
Income Tax
Exemption u/s 11 Cannot Be Denied When 12AA Registration Exists: ITAT Delhi
Income Tax
Income Tax
Amount held in scheduled bank qualified for Section 11 exemption: ITAT Jaipur
Income Tax
Income Tax
Taxpayer Shouldn’t Suffer for Professional’s Mistake – HC condones Form 10B Delay
Corporate Law
Corporate Law
Claim filed by EPFO subsequent to liquidation cannot be accepted
Income Tax
Income Tax
No Cash, No Assets, No Trail- Dumb Documents Can’t Sustain ₹23 Cr Addition
Income Tax
Income Tax
Trust for Particular Community Not Eligible for Section 11 Benefits: ITAT Ahmedabad
Income Tax
Income Tax
Exemption u/s. 11 cannot be denied merely for delay in filing Form 10B: ITAT Ahmedabad
Company Law
Company Law
