#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
Section 11 exemption cannot be denied if Trust is not working with the intent of earning profit
Income Tax
Income Tax
Charitable Trusts – Requirement of Form No 10 for Exemption u/s 11(2)- Whether Mandatory Or Directory?
Income Tax
Income Tax
Trust not loses its character of being charitable merely for collection of charges
Income Tax
Income Tax
Activities of ‘Ernet India’ are charitable & eligible for Section 11 exemption
Income Tax
Income Tax
ITAT allows section 11 exemption to Indian Youth Centre Trust
Income Tax
Income Tax
Donation with specific direction on uses entitled for section 11 deduction
Income Tax
Income Tax
Exemption available for educational institutions- Section 10(23C) & 11
Income Tax
Income Tax
Amendment in Charitable Trust- Finance Act 2021
Income Tax
Income Tax
Section 11 exemption cannot be denied for providing hostel facilities to staff & students
Income Tax
Income Tax
Charitable trust donating to activities other than education cannot be denied section 11 exemption
Income Tax
Income Tax
Section 11: Income from property held for charitable or religious purposes
Income Tax
Income Tax
ITAT allows section 11 exemption based on rule of consistency
Income Tax
Income Tax
Improper drastic changes in Income tax provisions relating to Trusts/NGOs
Income Tax
Income Tax
