#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
ITAT Quashes Assessment as Final Order Was Passed Beyond Section 144C(13) Time Limit
Income Tax
Income Tax
Section 263 Revision Invalid as AO Had Already Examined Key Issues: ITAT Visakhapatnam
Income Tax
Income Tax
Section 12AA Registration Benefit Allowed as Assessment Was Pending: ITAT Agra
Income Tax
Income Tax
CPC Cannot Deny Section 11 Exemption for Delayed Form 10B in Section 143(1) Processing: ITAT Kolkata
Income Tax
Income Tax
Trust’s Conference Hall Rental Income Taxable as Business Income: ITAT Delhi
Income Tax
Income Tax
FAQs on taxation of charitable or religious trusts under Income Tax Act, 1961
Income Tax
Income Tax
Canara Bank Wins on Multiple Tax Issues; Bangalore ITAT Dismisses Revenue’s 18 Grounds of Appeal
Income Tax
Income Tax
Bombay HC Condones 113-Day Delay in Form 10B Filing Due to COVID
Income Tax
Income Tax
ITAT Quashes Black Money Assessment as TOLA Extensions Not Cover Black Money Act
Income Tax
Income Tax
