#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.
Corporate Law
Corporate Law
When Gratification other than legal remuneration is proved then presumption under Section 20 of PC Act could be invoked
Income Tax
Income Tax
Invocation of revisionary jurisdiction u/s. 263 unjustified when AO took plausible view
Income Tax
Income Tax
Addition u/s. 69C unsustainable as nature of expenditure & source explained
Income Tax
Income Tax
Non-Corpus Donations to Section 12A registered Charitable Trusts with Similar Objectives allowed
Goods and Services Tax
Goods and Services Tax
Refunds under GST: Analysis of relevant provisions & important judgments
Income Tax
Income Tax
Fund utilized more than prescribed limit for achieving objective allowable U/s. 11
Income Tax
Income Tax
Donation out of accumulated funds u/s. 11(2) are not allowable as application of income
Income Tax
Income Tax
Excess application of income of previous years can be set off from subsequent year’s surplus income
Finance
Finance
Unstamped Arbitration Agreements Lack Legal Validity and May Be Impounded
Corporate Law
Corporate Law
Likelihood of confusion among public essential for refusal of Trademark Registration U/s. 11
Excise Duty
Excise Duty
CESTAT Quashes SCN for Lack of Suppression or Misstatement Allegations
Excise Duty
Excise Duty
Incidence of Duty Borne by Appellant, Unjust to Credit Refund to Consumer Welfare Fund: CESTAT
Company Law
Company Law
Not-for-Profit Companies: Legal Framework
Custom Duty
Custom Duty
