#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
Benefit u/s. 11 cannot be denied if trust files accumulation request of income till framing of assessment order
Income Tax
Income Tax
Selling of vegetarian food for popularizing vegetarian food habits is charitable object
Income Tax
Income Tax
Exemption u/s. 11 cannot be denied for non -registration under other statue
Income Tax
Income Tax
Expenses incurred outside India on charitable Purposes confined to India not allowable
Income Tax
Income Tax
Trust running classes for & under authority of University is not coaching centre
Income Tax
Income Tax
Providing sports facilities to general public without restriction to any caste, creed, religion or profession eligible for exemption U/S. 11
Income Tax
Income Tax
Holding of classes not mandatory to qualify as educational institution
Income Tax
Income Tax
Depreciation should be reduced from the income for determining percentage of funds which had to be applied for the purposes of the Trust
Income Tax
Income Tax
Depreciation to be allowed on assets even if cost fully allowed as application of income under section 11
Income Tax
Income Tax
Dy. DIT, Ernakulam Vs Adi Sankara Trust ( ITAT Cochin)
Income Tax
Income Tax
Exemption to Trust U/s. 11 of Income Tax Act can not be denied if Payment made to concerns covered U/s. 13(3) not excessive
Corporate Law
Corporate Law
Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT& ITES SEZs
Corporate Law
Corporate Law
Law under section 11 of Arbitration and Conciliation Act, 1996?
Excise Duty
Excise Duty
