#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
No exemption U/s. 11 on acquisition of assets from borrowed funds
Income Tax
Income Tax
Exemption to State Cricket Association cannot be denied for providing stadium to conduct matches
Income Tax
Income Tax
Exemption cannot be denied to a Trust merely for Profits from Publishing / Selling of School Books
Income Tax
Income Tax
Delhi HC allows IT exemption to VHP for ban period post Babri Masjid Demolition
Income Tax
Income Tax
Income Tax Exemption to MIG Cricket Club under department scanner
Income Tax
Income Tax
Exemption u/s 11(1)(a) of 15% of Income is unfettered and not subject to any conditions
Income Tax
Income Tax
IT Exemption cannot be denied to South Indian Film Chamber of Commerce
Income Tax
Income Tax
Scholarship paid for pursuing studies abroad is Charitable Expense
Income Tax
Income Tax
Sec. 11 Exemption cannot be denied fully for mutual fund investment
Income Tax
Income Tax
Mere surplus year after year cannot be deciding factor to deny exemption U/s. 11
Income Tax
Income Tax
Deficit incurred in earlier years by a Trust can be treated as application of Income in Subsequent year
Income Tax
Income Tax
Exemption U/s. 11 /12 cannot be denied by invoking Section 2(15) merely for profit from imparting of education
Income Tax
Income Tax
Yoga a form of ‘medical relief and Propagation of Yoga constitutes imparting of education
Income Tax
Income Tax
