#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.
Excise Duty
Excise Duty
Duty demand in terms of rule 8 of Valuation Rules unsustainable as higher duty already paid
Corporate Law
Corporate Law
Everything said in judgment doesn’t constitutes precedent
Service Tax
Service Tax
Deposit insurance activity of DICGC falls within ambit of ‘General Insurance Business’
Income Tax
Income Tax
Article 265 of the Constitution mandates refund of excess Income tax paid
Income Tax
Income Tax
Before 01.04.2021 Section 12AA registration once granted is valid till withdrawn by a specific order
Income Tax
Income Tax
Issue considered in order is open for revision if order is erroneous and prejudicial to interest of justice
Service Tax
Service Tax
Date of realization of foreign exchange is relevant date in case of export of service
Income Tax
Income Tax
Assessment framed on the basis of mere ‘base note’ is unsustainable
Excise Duty
Excise Duty
Benefit of exemption notification 6/2002 available to the Tubular Plate Lead Acid batteries
Income Tax
Income Tax
Section 11 exemption not allowable if ITR not filed within due date
Custom Duty
Custom Duty
Conditional provisional release granted as goods are perishable in nature
Income Tax
Income Tax
Denying eligible deduction u/s. 11 of Income Tax Act on technical basis is unjustifiable
Income Tax
Income Tax
Deduction u/s 11 not deniable merely on the basis of technicalities
Income Tax
Income Tax
