Taxation of charitable trust - exemption u/s11

There is trust established for religious purpose.

1. Whether these trusts are eligible for exemption u/s 11 of the Income Tax Act,1961?If yes, what are the conditions and what is the procedure to claim exemption?

2. Whether it makes any difference where it is public trust or private trust?

Replies (1)

In my view.

 as per sec.13(1)a If it is a trust formed for private religious purpose then benefit of section 11 would not apply.

To answer the second question the words of Sec.13(1)a read as follows "any part of income of property held undera trsut for private religious purpose which does not enure for the benefit of the public"

Since they have mentioned clearly that it has to be for the benefit of public, it necessarily has to be a public charitable trust.

We can wait for other views as well.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details