#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
Claim of application of income for charitable purpose u/s 11 & 12 cannot be denied on mere technicalities
Income Tax
Income Tax
Even if Form 10B is filed at a later stage, Section 11 exemption cannot be denied
Income Tax
Income Tax
Non-Entitlement to Section 11 deduction Doesn’t Preclude Expense Claim Against Gross Receipts
Income Tax
Income Tax
Surplus doesn’t Bar Trust from seeking Section 10(23C)(vi) Exemption: Rajasthan HC
Income Tax
Income Tax
Section 11 exemption can’t be denied merely for Journal Sale & Subscription Income
Income Tax
Income Tax
Section 11 exemption cannot be denied for delay in Audit Report (Form 12B) submission
Income Tax
Income Tax
Political party required to furnish return within due date u/s 139 for claiming exemption u/s. 13A: ITAT Delhi
Income Tax
Income Tax
ITAT Clarifies Section 80G Requirements: 6-Month Application Rule
Income Tax
Income Tax
Microfinancing activity by charging exorbitant interest not charitable in nature: ITAT Bangalore
Corporate Law
Corporate Law
HC Upholds Validity of Arbitration Notice Despite Wrong Address
Custom Duty
Custom Duty
Penalty u/s. 114AA of Customs Act unsustainable as department failed to prove mis-declaration: CESTAT Ahmedabad
Income Tax
Income Tax
No Section 11(1) Exemption for Memento Expenses to Milk Association Heads
Income Tax
Income Tax
Revenue Audit Objection Can Reopen Assessment (From 01.04.2022): Kerala HC
Income Tax
Income Tax
