#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 40(a)(ia) not applicable to charitable or religious trust before 01.04.2019
Income Tax
Income Tax
Mere receipt in excess of limit in proviso to section 2(15) would not result in cancellation of registration U/s. 12AA
Income Tax
Income Tax
Exemption U/s. 11 on Importing, developing & distributing Bar code technology to Business
Income Tax
Income Tax
Income Transferred from Capital Fund A/c to Income is eligible for deduction U/s. 11
Income Tax
Income Tax
45% profit from educational activities establishes profit motive of trust and exemption U/s. 11 cannot be allowed
Income Tax
Income Tax
Exemption U/s. 11 cannot be denied merely because function hall was let out on rent for various activities
Income Tax
Income Tax
Dissemination of yoga or vedic philosophy is medical relief’ U/s. 2(15)
Income Tax
Income Tax
Amendment to section 11(6) restricting depreciation is prospective
Income Tax
Income Tax
Unrecognized courses comes within the meaning of education for exemption U/s. 11
Income Tax
Income Tax
Analysis of amendment in section 10(23)(C) & 11 of Income Tax Act-1961 by Finance Bill, 2018
Income Tax
Income Tax
ITAT allows exemption U/s. 11 on Income earned by Pharmacy shop in Trust Hospital
Income Tax
Income Tax
Depreciation on assets allowable to trust despite treatment of same as Income Application : SC
Income Tax
Income Tax
Exemption U/s. 11 to 13 cannot be claimed in absence of Registration u/s 12AA
Income Tax
Income Tax
