#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
AOP taxed at normal rates instead of maximum marginal rate as section 167B not applicable
Income Tax
Income Tax
Orissa HC quashes Sec 263 Revision based on consistency & prior allowance of depreciation
Income Tax
Income Tax
Non-filing of Form 10B cannot be reason to deny benefit u/s. 11: ITAT Delhi
Income Tax
Income Tax
Exemption u/s. 11 allowed inspite of certain errors while filing form 10B
Income Tax
Income Tax
Anonymous Donations to Sai Baba Sansthan Trust Not Taxable Under Section 115BBC: ITAT Mumbai
Income Tax
Income Tax
Expenses incurred by statutory authority was allowable as business expenditure
Income Tax
Income Tax
Provision for Expenses Not Claimed as Applied Income Can’t Be Disallowed: ITAT Jaipur
Income Tax
Income Tax
Exemption u/s. 11 cannot be denied to town planning authority as fees charges doesn’t generate profit
Income Tax
Income Tax
Receipt from parking facilities treated as business income: ITAT Mumbai
Income Tax
Income Tax
ITAT Restores Sports Trust’s Section 12AB, 80G Registration Rejection
Income Tax
Income Tax
Tribunal Cannot Decide Merits After Ruling Appeal Not Maintainable: Bombay HC
Income Tax
Income Tax
Accumulation u/s. 11(1)(a) allowed at 15% of gross receipts: ITAT Delhi
Income Tax
Income Tax
Department Cannot Deny Exemption Over Missing Section 12A Certificate
Income Tax
Income Tax
