#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
MP HC Allows COVID-19 Related Delay in Tax Filings for Charitable Society
Income Tax
Income Tax
Accused declared as fugitive economic offender as requirements of Fugitive Economic Offenders Act are met
Income Tax
Income Tax
Exemptions u/s. 11 and 12 denied in absence of valid registration u/s. 12A: ITAT Bangalore
Income Tax
Income Tax
Finance Act 2022 Amendment Not Applicable Retrospectively to Trust’s Accumulated Funds
Income Tax
Income Tax
Section 13(1)(b) irrelevant at Section 12AB registration stage: ITAT Ahmedabad
Corporate Law
Corporate Law
Arbitration order is non-jurisdictional as passed by Court exercising ordinary civil jurisdiction and not Commercial Court
Goods and Services Tax
Goods and Services Tax
ITC could be availed in case purchaser had genuine invoices & seller failed to remit tax
Income Tax
Income Tax
Private Trusts under Income Tax Act, 1961
DGFT
DGFT
MEIS scrip can be cancelled even if validity period has expired: Madras HC
Income Tax
Income Tax
Surplus funds of charitable institution can be used only for charitable activity
Income Tax
Income Tax
Unregistered Trust: ITAT Pune Rules Only Net Income Taxable
Income Tax
Income Tax
Section 11(3) Amendment Not Retrospective: ITAT Pune; Deletes ₹90 Cr Addition
Income Tax
Income Tax
ITAT Allows Exemption Under Section 11 Despite Delay in Filing Form 10B
Income Tax
Income Tax
