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Discussion > Income Tax > Others >

claiming exemption u/s 11

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[ Scorecard : 15380]
Posted On 03 December 2010 at 17:46 Report Abuse

For claiming exemption u/s 11 following must be satisfied:

a)      Trust created for Lawful Purpose;

b)      Trust created after 31st March 1962 must be wholly for charitable or religious purpose;

c)       Trust must be registered with CIT [U.P. Forest Corporation & Another V DCIT (2008)];

d)      Property should be held under trust;

e)      Separate Books of a/c should be maintained if Trust earned Profit or Gains from Business Undertakings held by trust for attainment of objects of trust/institution;

f)       a/c should be audited if total income before effect of sec. 11 or 12 exceeds maximum amount not chargeable to tax.

g)      Fund of trust should be invested/ deposited as per Sec. 11(5).


Note: Charitable Purpose as per Sec. 2(15):

         i.            Relief of the poor, education, medical relief,

       ii.            Preservation of environment (including water sheds, forests and wild life),

      iii.            Preservation of monuments or places or objects of artistic or historic interest AND

     iv.            The advancement of any other object of general public utility if the aggregate value of receipts from any activity in the nature of trade, commerce or business, or any activity of rendering any service in relation to any trade, commerce or business Does Not exceed Rs. 10 Lakhs in the PY.

Judicial Decisions on Charitable purpose

a.       Promotion of sports and games [ circular no. 395 dated 24th Sept. 1984]

b.      State Bar Council held to be constituted for general public utility [Bar Council Maharastra 1981 (SC)]

Total thanks : 1 times

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Process Developer

[ Scorecard : 1366]
Posted On 05 December 2010 at 17:14

Thanks for sharing suresh.

Suresh Prasad

[ Scorecard : 15380]
Posted On 06 December 2010 at 08:06

Originally posted by : A.Jayasri

Thanks for sharing suresh.


Thanks A Lot For Your Comment........

Total thanks : 1 times

Santhosh Poojary

[ Scorecard : 15582]
Posted On 06 December 2010 at 14:55

Good Work dear. Thanks

Suresh Prasad

[ Scorecard : 15380]
Posted On 19 December 2010 at 10:24

Originally posted by : SAN...

Good Work dear. Thanks


Thanks for the Comment........

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