#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
CBDT guidelines for NGOs seeking exemption U/s. 11 for providing relief to earthquake hit people in Nepal- Part I
Income Tax
Income Tax
Exemption u/s 11 cannot be denied on giving interest free loan and renting of property
Income Tax
Income Tax
Deduction of Depreciation as well of Capital Expenditure U/s. 11 In Case of Trusts not amounts to Double Deduction
Income Tax
Income Tax
CIT can look into genuineness of activities of trust to satisfy himself about its activities
Income Tax
Income Tax
Permission u/s 11(1)(c) for rendering help to victims of Nepal Earthquake
Income Tax
Income Tax
3 Important Income Tax Case laws on Charitable or Religious Trusts and Institutions
Income Tax
Income Tax
SC: Mere surplus by educational institution does not mean that it ceases to exist solely for educational purposes
Income Tax
Income Tax
If net consideration for transfer of capital asset of a charitable trust is utilized for acquiring new capital asset, then whole of capital gain is exempt
Income Tax
Income Tax
Charitable hospital, university or educational institution can appeal before ITAT against order for refusal to register
Income Tax
Income Tax
Budget 2015 defines Business Trust & includes Yoga in charitable activities
Income Tax
Income Tax
S. 11 Delay in Return filing -Benefit of income Accumulation not available
Income Tax
Income Tax
Deeming fiction created by virtue of sec. 50C cannot be extended to sec. 11(1A)
Income Tax
Income Tax
Budget 2014 – Exemption u/s. 10 not allowable to trust who opted for special dispensation U/s. Sections 11, 12 & 13
Income Tax
Income Tax
