#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
Charitable & religious trust eligible for Exemption U/s. 11 & 12 if not benefiting any specific religious community- SC
Income Tax
Income Tax
Anonymous donation towards construction of building eligible for Section 11 exemption
Income Tax
Income Tax
Trust Eligible for Relief u/s in respect of income from pharmacy run by it with in its hospital premises
Income Tax
Income Tax
Amount paid to other charitable trust constitute valid application of income
Income Tax
Income Tax
Exemption U/s. 11 cannot be denied on mere Non-compliance with provisions of Trust Act in earlier years
Income Tax
Income Tax
Cancellation of Trust Registration not valid for mere carrying of commercial activities
Income Tax
Income Tax
No charity in providing assistance to entrepreneurs for fees in setting up industries
Income Tax
Income Tax
Trust can claim double benefit of depreciation and application of Income U/s. 11 on Fixed Assets
Income Tax
Income Tax
Income earned by trust from business activities eligible for exemption if primary objects were charitable
Income Tax
Income Tax
Exemption U/s. 11 cannot be denied for mere Subscription to chit funds by Trust
Income Tax
Income Tax
Educational institute with profit motive may claim exemption U/s. 11
Income Tax
Income Tax
Business income of trust eligible for Exemption U/s. 11 if it is incidental to its objects
Income Tax
Income Tax
Trust not entitled to exemption if carrying only incidental objects which are not charitable
Income Tax
Income Tax
