#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
Kerala HC refuses to intervene in Income Tax proceeding initiated under Section 148
Custom Duty
Custom Duty
Declared values can be rejected on solid evidence & not on arbitrary comparisons or databases
Income Tax
Income Tax
Section 12AB Registration Rejection: ITAT allows filing of Form 10A
Income Tax
Income Tax
Proviso to sec. 2(15) conditions to be fulfilled as publishing advertisement intrinsically linked with activity of trust
Corporate Law
Corporate Law
Contract Clause stating decision by Committee to be final doesn’t constitute Arbitration Agreement: Bombay HC
Income Tax
Income Tax
Allowability of registration u/s 12AB as nominal amount charged for functioning Educational Institution was not Commercial Activity
Corporate Law
Corporate Law
Properties covered under approved resolution plan cannot be provisionally attached u/s 5(1) of PMLA
Income Tax
Income Tax
No Time Limit for Existing Charitable Trusts to File Form 10AB: ITAT Pune
Income Tax
Income Tax
Assessment of Charitable and Religious Trusts and Institutions
Income Tax
Income Tax
Section 11: Renovation Expenditure on School Building Allowable as Application of Income, Ownership Not a Prerequisite
Income Tax
Income Tax
AO Barred from Reopening Assessment on an Issue Already Subject to Appeal: Bombay HC
Corporate Law
Corporate Law
Understanding Trademark Objection: Section 11 Refusal Grounds
Corporate Law
Corporate Law
CIC directing to provide RTI relating to PM CARES Fund untenable: Delhi HC
Income Tax
Income Tax
