#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
ITAT Delhi Restricts Section 11 exemption Denial to Extent of Section 13 Violation
Income Tax
Income Tax
No Section 12AA Registration, No Section 11 Exemption: ITAT Delhi
Income Tax
Income Tax
Entire Exemption u/s 11 & 12 Cannot Be Denied to Trust for Advances to Related Parties
Income Tax
Income Tax
Ancient Temple Exempt from Tax Despite Delay in Registration & Return Filing
Income Tax
Income Tax
Exemption cannot be denied for inadvertent mistake of claiming exemption u/s. 12A instead of 10(23C)(via)
Fema / RBI
Fema / RBI
No compounding allowed on application made by person found guilty under FEMA after adjudication
Income Tax
Income Tax
ITAT Ahmedabad Sets Aside Rejection of Trust’s 12AB Registration as ‘Premature’
Income Tax
Income Tax
Bombay HC Allows Condonation of 24-Day Delay in Form 10B
Goods and Services Tax
Goods and Services Tax
GST ITC on electricity consumed for maintenance of township is not admissible
Income Tax
Income Tax
Exemption u/s. 11 granted as registration u/s. 12A remained valid till grant of provisional registration u/s. 12AB
Income Tax
Income Tax
ITAT Restores 12AB Registration Matter as CIT(E) Ignored Adjournment Request
Income Tax
Income Tax
Temple Project Advances Count as Application of Income u/s 11
Income Tax
Income Tax
Assessment issues cannot justify 12A Registration Cancellation: Cochin ITAT
Income Tax
Income Tax
