#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
Exemption U/s. 11 cannot be denied merely for Running of bus by School to facilitate transportation of students & staff
Income Tax
Income Tax
Charitable Trusts: Income Tax Perspective
Income Tax
Income Tax
Expense incurred by Trust for private parent company outside India not allowable
Income Tax
Income Tax
Charitable/Religious Trusts & Institutions – Simplified
Income Tax
Income Tax
Running hospital with nursing school eligible for exemption U/s. 11
Income Tax
Income Tax
Running school buses for fees by Trust is not a commercial activity if same is incident to achieve main object of proving education
Income Tax
Income Tax
Income of Indian Plastics Institute from technical lectures, seminars and workshop is exempt
Income Tax
Income Tax
Tax Exemption cannot be denied to IOA Merely for Receiving Sponsorship
Income Tax
Income Tax
Section 11 Set-off of excess expense against income of future AY is application of Income
Income Tax
Income Tax
Exemptions u/s 11(1)(d) cannot be denied for mere non claim in ITR
Income Tax
Income Tax
Penalty U/s. 271B not leviable if Assessee had Bona fide belief that accounts not liable for audit U/s. 44AB
Income Tax
Income Tax
Exemption claimed cannot be denied for mere wrong Punching in ITR due to Oversight
Income Tax
Income Tax
Exemption U/s. 11 cannot be denied for Mere collection of fees for water Testing
Income Tax
Income Tax
