#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
Trusts can Claim Section 11 Exemption if RoI Filed Within Section 139(4A) Timeframe
Income Tax
Income Tax
Exemption u/s. 11 and 12 available as agreement entered didn’t violated purpose of charity
Income Tax
Income Tax
Incidental Commercial Activities Allowed Within Threshold for Tax Exemptions U/s. 11 & 12
Income Tax
Income Tax
Denovo assessment directed with cost of Rs. 5000 for failure to respond to notices
Corporate Law
Corporate Law
Look Out Circular conditionally suspended based on right to travel granted under Constitution
Custom Duty
Custom Duty
No confiscation of seized Gold under Customs Act based on invalid Letter Of Approval
Income Tax
Income Tax
No denial of registration u/s 12AB based on potential commercial activity in the future
Income Tax
Income Tax
Addition towards contribution to unrecognized provident fund rightly deleted
Income Tax
Income Tax
Belated Form 10B Audit Report can Be Accepted in Appellate Proceedings: ITAT Delhi
Income Tax
Income Tax
Late Form 10B Filing a Procedural Lapse: ITAT grants Section 11 exemption
Income Tax
Income Tax
Delay in Form 10B Filing: ITAT Directs CIT(A) to Review Petition
Custom Duty
Custom Duty
Importation of tyres without BIS markings were liable for confiscation u/s 111 of Customs Act
Income Tax
Income Tax
Exemption u/s 11 & 12 denied ignoring extended date of filing: ITAT directed to consider extended date
Corporate Law
Corporate Law
