#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
Exception to Trust cannot be denied merely for delay in filing audit report in prescribed form
Income Tax
Income Tax
Section 11 exemption denial for non-mention of Trust Registration details in ITR – ITAT restores matter to AO
Income Tax
Income Tax
Section 11 exemption cannot be denied merely for delay in furnishing of Form 10B
Income Tax
Income Tax
Form 10 filed manually with Income Tax Return: ITAT grants section 11 exemption
Income Tax
Income Tax
Return filed within specified time limit and hence benefit u/s 11 available
Income Tax
Income Tax
Assessment proceedings commence with filing of Income Tax return
Income Tax
Income Tax
Corpus donations received by unregistered Trusts are not taxable
Income Tax
Income Tax
Benefit u/s 11 available as assessee not driven from primary objective
Income Tax
Income Tax
No section 11 tax exemption if educational institutions collects Capitation Fee: Madras HC
Income Tax
Income Tax
Denial of exemption u/s. 11 on the basis of general statement is unsustainable
Income Tax
Income Tax
Section 11(6) Depreciation not allowable if value of assets claimed as application of income
Income Tax
Income Tax
Charitable institution, society or trust should ‘solely’ engage itself in educational activities and not in any activity of profit to enjoy tax exemption
Income Tax
Income Tax
Profit Oriented Institutions Cannot Claim Tax Exemption U/S 10(23C)
Income Tax
Income Tax
