#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
Denial of exemption u/s. 11 for delay in filing Form 10B not justifiable: ITAT Delhi
Income Tax
Income Tax
Section 11 Exemption Granted as no Proof of Excessive Salary to Member
Goods and Services Tax
Goods and Services Tax
GST leviable on construction service rendered in lieu of development rights: Patna HC
Income Tax
Income Tax
TPO to determine ALP of royalty payment using TNMM method: ITAT Bangalore
Goods and Services Tax
Goods and Services Tax
GST Council to Decide Compensation Cess on Supplies to Merchant Exporters
Income Tax
Income Tax
CPC cannot Deny Section 11 Exemption for Delay in Filing Form 10B Audit Report
Income Tax
Income Tax
Section 11 exemption Denial for charging fees: ITAT Remands case to AO
Income Tax
Income Tax
Delay in filing Form 10B condoned since genuine hardship faced: Delhi HC
Income Tax
Income Tax
Voluntary donations received by registered trust are capital receipts: ITAT Ahmedabad
Income Tax
Income Tax
Trust involved in charitable-religious activities not benefitting specific religious community eligible for exemption u/s. 11
Income Tax
Income Tax
Exemption u/s. 10(23C)(iiiad) granted even in absence of approval u/s. 12A
Income Tax
Income Tax
Status of Charitable Trust’s not get affected for making reasonable payments to related party
Income Tax
Income Tax
Benefit of exemption u/s. 11(1)(a) cannot be debarred for incurring more expense than income
Income Tax
Income Tax
