#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 Jodhpur Allows Section 11 Exemption Despite Late Form 10B Filing
Income Tax
Income Tax
Pune ITAT: Section 11 Exemption Cannot Be Denied for Belated Form 10B Filing
Income Tax
Income Tax
Bangalore ITAT: Trust Taxable on Net, Not Gross Receipts, Even If Section 11 Fails
Income Tax
Income Tax
Delhi ITAT: No Express Irrevocability Clause Cannot Deny 12AB/80G Renewal
Income Tax
Income Tax
Trade Promotion Body Qualifies as Charitable Institution for Section 12AA Registration: Gujarat HC
Income Tax
Income Tax
Interest-Free Loans to Charitable Trusts Do Not Deny Sections 11 & 12 Exemption: ITAT Delhi
Income Tax
Income Tax
Private Specific Trust with Sole Beneficiary Entitled to Individual Slab Rates: Jaipur ITAT
Income Tax
Income Tax
Delhi ITAT: Belated Form 10B Filing Is Procedural; Section 11 Exemption Cannot Be Denied
Income Tax
Income Tax
Investment in BARC Does Not Violate Section 11(5) as It Was Policy-Driven, Not Commercial: ITAT Delhi
Income Tax
Income Tax
Incidental Rental Income Used for Charitable Objects Does Not Deny Sections 11 & 12 Exemption: ITAT Chandigarh
Income Tax
Income Tax
Delhi ITAT: Section 12AB Registration Cannot Be Cancelled for Engaging Builder for Staff Housing Project
Income Tax
Income Tax
Gujarat HC Condones Delay in Form 10B Filing Due to CA’s Illness
Income Tax
Income Tax
ITAT Pune Allows Section 11 Exemption Despite Delayed Form 10BB Filing
Income Tax
Income Tax
