#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
Section 11 Exemption denial over Punching Error: ITAT Orders Re-Adjudication
Income Tax
Income Tax
Matter resorted back to prove genuineness of activities via-a-vis application for registration u/s 12AB
Corporate Law
Corporate Law
Recourse to section 166A of the Code without following procedure prescribed u/s 155(2) is unsustainable
Income Tax
Income Tax
Denial of exemption u/s 11 unjustified as primary activity of trust doesn’t involve profit motive
Corporate Law
Corporate Law
Juristic Person Trust Liable for punishment for offence U/s. 138 of NI Act
Income Tax
Income Tax
Revenue cannot compute notional interest u/s. 13(2)(a) of Income Tax Act
Income Tax
Income Tax
Corpus donations being capital in nature is not taxable
Income Tax
Income Tax
Contribution received from commodity exchange exempt i/s. 10(23EC) of Income Tax Act
Income Tax
Income Tax
Section 10(23C)(iiiab) exemption not available to society not substantially financed by government
Income Tax
Income Tax
DTVSV Benefit Rejection Over pending Non-Tax Arrears Prosecution Unjustified
Service Tax
Service Tax
Religious body providing renting of immovable property liable to service tax only from 01.07.2012
Income Tax
Income Tax
Reassessment of income other than income for which AO had formed a reason is unjustified
Income Tax
Income Tax
Once assessment order is passed Dispute Resolution Panel not empowered to give direction
Excise Duty
Excise Duty
