#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
AO cannot interpolate Salary for extra work on mere presumption of Monthly Payment
Income Tax
Income Tax
Existence of business exigency needs to be proved for payments in cash to avoid addition u/s 40A(3)
Income Tax
Income Tax
Denial of registration u/s 12AA to trust genuinely performing object of imparting education unjustified
Income Tax
Income Tax
Trust can claim both depreciation & application of income on asset in its purchase year
Income Tax
Income Tax
Delhi HC stays Income Tax Reassessment Against Oxfam India
Excise Duty
Excise Duty
Sugar cess paid on import of raw sugar duly available as cenvat credit
Corporate Law
Corporate Law
Labor Cess Inapplicable to Material Supply and Consultancy: Jharkhand HC
Income Tax
Income Tax
Section 11 Deduction can’t be Denied for non-filing of Form 10B with ITR
Income Tax
Income Tax
Expenditure incurred for earning income is to be allowed even if society not registered u/s 12A
Custom Duty
Custom Duty
Importer’s Value Accepted Amid Department’s Failure to Provide Documents
Income Tax
Income Tax
AO Must Allow 4 Weeks After Rejecting Objections to Reassessment
Income Tax
Income Tax
CIT(E) not prerogative to grant registration to an institution as it deems fit
Income Tax
Income Tax
ITAT: Capital Project Donations for Trust Treated as Corpus, Re-adjudication Directed
Company Law
Company Law
