#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
Donation by assessee trust to a university approved U/s. 10(23C)(vi) is for charitable purpose & eligible for section 11 exemption
Income Tax
Income Tax
Sec. 11 Interest on donation exempt if same forms part of corpus on donor instruction
Income Tax
Income Tax
AO cannot treat activities of Trust as business without examining the same
Income Tax
Income Tax
Letting of Marriage / Cultural Hall by Trust is not a ‘Commercial Activity’ if main object is Charity
Income Tax
Income Tax
Merely charging of fees does not make an educational institute non charitable
Income Tax
Income Tax
Preservation of Environment is charitable Activity eligible for Sec. 11(1)(a) exemption
Income Tax
Income Tax
Hyderabad Cricket Association allowed to claim exemption u/s. 11
Income Tax
Income Tax
Challenge pending cannot be equated to challenge succeeding: Bombay HC
Income Tax
Income Tax
Exemption U/s. 11 cannot be Disallowed in toto for Voluntary Donations
Income Tax
Income Tax
Tax Exemption cannot be denied to Trust not meant for one particular religious community
Income Tax
Income Tax
Section 11 exemption cannot be denied for receipt of fees from non-members
Income Tax
Income Tax
Exemption U/s. 11 cannot be denied for delayed-filing of audit report alongwith return due to seizure of accounts
Income Tax
Income Tax
Interest on donation with specific direction to form part of corpus of trust will be exempt U/s. 11 d with specific direction o form part of corpus of trust will be exempt U/s. 11
Income Tax
Income Tax
