#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 allows section 11 exemption as payment of Salary & Rent to specified persons was not excessive
Income Tax
Income Tax
Temporary donations to other charitable entities did not violate spirit of Section 11
Corporate Law
Corporate Law
IBC not excludes Court Jurisdiction to entertain A&C Act Section 11 Applications: Delhi HC
Corporate Law
Corporate Law
Delhi HC Directs Central Registrar to Appoint Arbitrator in Handloom Dispute
Income Tax
Income Tax
Depreciation Claim on Fixed Assets by Trust – ITAT Directs reconsideration
Income Tax
Income Tax
Section 11 Exemption can’t Be denied for Meager Profit from Public Utility Services
Custom Duty
Custom Duty
CESTAT Allahabad Orders Return of Gold Seized by Custom Authorities
Income Tax
Income Tax
Bombay HC Directs JCIT to Supply Section 12A Exemption Certificate
Income Tax
Income Tax
Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC
Income Tax
Income Tax
Exemption claimed under wrong section cannot be denied
Income Tax
Income Tax
Amendments Effective From 1st April, 2024 For Charitable Trusts
Income Tax
Income Tax
Understanding Section 43B(h) | Impact on MSME Payments
Income Tax
Income Tax
Depreciation not claimed as application of income U/s 11: ITAT directing re-adjudication
Custom Duty
Custom Duty
