Understanding Compliances and Income Tax Filing of Charitable Trusts
The Income Tax Act, 1961 provides certain tax benefits to a trust that is set up for religious or charitable purposes. To guarantee compliance and...
![Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Printing-Publishing-Subscription-books-of-vedas-Printing-Publishing-and-Subscription-of-books-of-vedas-taxscan.jpg "Printing, Publishing and Subscription of books of Vedas, Gita, Upanishads for imparting education is not Commercial activity: ITAT allows exemption u/s 11 of Income Tax Act [Read Order]")
![Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Depreciation-Income-Claimed-Corresponding-Deferred-Grant-Income-Receipts-ITAT-Re-adjudication-taxscan.jpg "Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]")
![Failure To file Audit Report along with return of income by Auditor: ITAT directs to allow exemption u/s 11 of the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-audit-report-Income-tax-return-taxscan.jpg "Failure To file Audit Report along with return of income by Auditor: ITAT directs to allow exemption u/s 11 of the Income Tax Act [Read Order]")
Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]
In a recent decision the Income Tax Appellate Tribunal, ( ITAT ) in Mumbai, observed that income earned from letting out of auditorium was eligible for exemption under Section 11 of the Income Tax...
![Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Income-Earned-from-letting-out-of-Auditorium-TAXSCAN.jpg "Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]")
ITR Update: CBDT notifies Changes in Form ITR 6 in Accordance with Amendment in Finance Act, 2023 w.e.f. April 1st 2024
The Central Board of Direct Taxes ( CBDT ) has officially communicated alterations to the Income Tax Returns ( ITR ) form 6, aligning with amendments in the Income Tax Act, 1961, and Income Tax...
Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that corpus donations collected from the parents of the students admitted to the school are voluntary in nature. Thus, the bench allowed...
![Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corpus-Donation-parents-students-admitted-Schools-voluntary-nature-ITAT-exemption-I.T-Act-TAXSCAN.jpg "Corpus Donation collected from Parents of Students admitted in Schools are voluntary in nature: ITAT allows Exemption u/s.11 of I.T Act [Read Order]")
Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that activity being charitable in nature towards general public utility cannot be equated with a money lending activity carried...
![Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Activity-providing-relief-poor-being-Charitable-Nature-Denied-Exemption-Corporate-World-ITAT-TAXSCAN.jpg "Activity of providing relief to the poor being Charitable in Nature cannot be Denied Exemption in a Corporate World: ITAT [Read Order]")
Exemption u/s 11 Allowable as Exceeding Limit of ‘Funds Pending Utilization’ was For Charitable Purpose: Himachal Pradesh HC upholds Order of ITAT [Read Order]
The Himachal Pradesh High Court has held that exemption under section 11 of the Income Tax Act,1961 is allowable as exceeding limit of ‘Funds Pending Utilization’ was for Charitable Purpose. ...
![Exemption u/s 11 Allowable as Exceeding Limit of ‘Funds Pending Utilization’ was For Charitable Purpose: Himachal Pradesh HC upholds Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Exemption-Exceeding-Limit-Exceeding-Limit-of-Funds-Pending-Utilization-was-For-Charitable-Purpose-Himachal-Pradesh-High-Court-taxscan.jpg "Exemption u/s 11 Allowable as Exceeding Limit of ‘Funds Pending Utilization’ was For Charitable Purpose: Himachal Pradesh HC upholds Order of ITAT [Read Order]")
Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the donations given out of accumulated funds under Section 11(2) of the Income Tax Act, 1961 shall be deemed as income of the...
![Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Donations-given-out-of-Accumulated-funds-Income-of-Trust-Donations-ITAT-Accumulated-funds-taxscan.jpg "Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]")