#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
Person even if without reading has signed MOU is bound by its terms
Income Tax
Income Tax
Exemption u/s 10(23C)(iiiac) available when government grant exceeds 50% of total receipts
Income Tax
Income Tax
Assessee’s Valid Claims Shouldn’t Suffer Due to Ignorance/Mistake: ITAT Chennai
Income Tax
Income Tax
Income Tax Exempt on compulsory Agricultural Land Acquisition Awards
Income Tax
Income Tax
Retrospective cancellation of trust registration u/s. 12AB of Income Tax Act invalid
Income Tax
Income Tax
Analysis of Section 11 of Income Tax Act: Income from Property held for Charitable or Religious Purposes
Income Tax
Income Tax
ITAT Disallows Tax Exemption for Trust’s Commercial Activities
Income Tax
Income Tax
Pharmacy Store Income Incidental to dominant object of running Hospital- Not Taxable
Corporate Law
Corporate Law
NCLT Delhi Approves Arena Superstructures’ Resolution Plan
Excise Duty
Excise Duty
Goods brought in factory premises without proper invoice establishes clandestine removal of goods
Income Tax
Income Tax
Section 11 exemption cannot be denied for Delayed Form 10B submission
Income Tax
Income Tax
Carrying Forward of Excess Application of Income When Receipts Are Less to succeeding year allowed
Income Tax
Income Tax
Reopening of assessment before disposing of objections filed by assessee is unsustainable
Income Tax
Income Tax
