#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
ITAT allows Depreciation to Trust- Section 11(6) amendment is prospective
Income Tax
Income Tax
Section 11 exemption on donation by a charitable trust to others for utilization towards charitable objects.
Income Tax
Income Tax
Activities promoting Handloom Sector Eligible for section 11 & 12 Exemption
Income Tax
Income Tax
Exemption u/s 11 & 12 was allowable to Association of State Road Transport Undertaking
Income Tax
Income Tax
Section 11 exemption cannot be withdrawn merely for profit from certain incidental or ancillary activities of the trust
Income Tax
Income Tax
Works of Supply of Water, Disposal of Sewerage Considered as Charitable Activities & Eligible for Exemption u/s 11
Income Tax
Income Tax
Surplus doesn’t defeat the purpose of charitable activity!
Income Tax
Income Tax
Post Finance Act 2020 applicability of Section 11 & 12 of Income Tax Act,1961
Income Tax
Income Tax
Shortfall Due to its Excess Spending allowed to C/F in full for Set off against Incomes – Section 11
Income Tax
Income Tax
IDC receipts for State Government cannot be taxed in the Hands of Assessee
Income Tax
Income Tax
Common errors in taxation of charitable & religious organization
Income Tax
Income Tax
Section 11- Income from property held for charitable or religious purposes
Income Tax
Income Tax
Section 11 Exemption cannot be Denied Merely because Income is Exempt from Principles of Mutuality
Income Tax
Income Tax
