#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
Cess fees is taxable as income derived from property held under trust: ITAT Delhi
Income Tax
Income Tax
133-day non-deliberate delay condoned as substantial justice prioritized over technicality: ITAT Bangalore
Income Tax
Income Tax
No Violation in Payments to Persons u/s 13(3) if Trust Predates Act & Follows Trust Deed
Income Tax
Income Tax
Filing of Form 10B only directory and not mandatory: ITAT Bangalore
Income Tax
Income Tax
No applicability of sec. 115JB(2)(b) to Union Bank due to non-company status under Companies Act
Income Tax
Income Tax
Section 80C Or 80TTA Deduction cannot be denied for deficiencies in ITR forms
SEBI
SEBI
HC directed SEBI, BSE and NSE to compensate Rs. 50 Lakhs for illegal freezing of Demat account
Income Tax
Income Tax
Scholarship for overseas study is application of income for charitable purpose in India: ITAT Mumbai
Custom Duty
Custom Duty
It is not justified to impose redemption fine equal to value of goods: CESTAT Delhi
Income Tax
Income Tax
Section 11 Exemption Can’t Be Denied for Late Filing of Form 10B Audit Report: ITAT Delhi
Income Tax
Income Tax
ITAT Mumbai Deletes Section 11(1A) Disallowance on Sale Consideration Investment
Income Tax
Income Tax
Exemption u/s 10(23C)(iv) could not be rejected if net surplus was less than 20% of Total Receipts under second proviso to sec 2(15)
Income Tax
Income Tax
Amendments in Section 11: Charitable and religious Trusts
Income Tax
Income Tax
