#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
Trust cannot be denied deductions for clerical errors in Return filing: ITAT Delhi
Goods and Services Tax
Goods and Services Tax
Adjudication proceedings cannot be kept pending for years: Delhi HC
Corporate Law
Corporate Law
Dispute Over Non-Payment of Wages and Termination Legality Non-Arbitrable
Income Tax
Income Tax
High Court wrongly considered matter u/s. 10(20) instead of section 11 and 12 hence matter remanded
Income Tax
Income Tax
Loss on fixed deposit investments is capital loss: Telangana HC
Income Tax
Income Tax
Condonation of Delay for Filing Forms 9A, 10, 10B, 10BB Post-18th Nov 2024
Income Tax
Income Tax
Registration to trust u/s. 12AB granted as exemption u/s. 11 not claimed: ITAT Ahmedabad
Corporate Law
Corporate Law
Section 13 SARFAESI Proceedings Don’t Make IBC Section 10 Application Malicious
Custom Duty
Custom Duty
No confiscation u/s. 111 without misdeclaration of value: CESTAT Delhi
Income Tax
Income Tax
Mehta Charitable Trust case: ITAT disallows expenses not related to taxable income
Custom Duty
Custom Duty
Refund of excess payment of customs duty rejected as time barred: CESTAT Hyderabad
DGFT
DGFT
Classification of product justified once DGFT proceeds to issue MEIS Scrip: Delhi HC
Goods and Services Tax
Goods and Services Tax
Government grant to meet day-to-day expense not taxable under GST: Kerala HC
Income Tax
Income Tax
