#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 merely for Low School Expenses
Income Tax
Income Tax
No deduction to Trust for Donation for activity which ultra vires to object clause of assessee
Income Tax
Income Tax
Section 40(a) not applicable in case of charitable trust or institution
Income Tax
Income Tax
Section 11(2) not mandate a limitation for filing notice of accumulation in Form No. 10
Income Tax
Income Tax
Budget Proposals Relating to Charitable Trusts
Income Tax
Income Tax
Budget eliminate possibility of double deduction to Charitable Trust & Institutions
CA, CS, CMA
CA, CS, CMA
Representation to FM on Concerns of Chartered Accountants
Income Tax
Income Tax
‘Hundi receipts’ in cash towards Corpus of Trust is Capital Receipt
Income Tax
Income Tax
Section 11(2) exemption cannot be denied merely for discrepancy in fund accumulation object in Form No. 10
Income Tax
Income Tax
Corpus donation cannot be treated as part of Income & Expenditure
Income Tax
Income Tax
ITAT allows Section 11 Exemption on Interest Income of Charitable Trust
Income Tax
Income Tax
ITAT Allows section 11 Exemption to NIXI
Income Tax
Income Tax
Request to permit utilization of accumulated funds for other purposes- section 11(2)
Income Tax
Income Tax
