Daily Archives: September 9, 2015

Section 11 Trust can not claim rental income under income from house property

By | September 9, 2015

Whether in case of Trust,  actual rent received is to be treated as the income from house property of the assessee and  not  under the head income from house property  (with the provisions of u/s. 23 & 24 of the Act) ? while arriving at the rental income of the assessee trust any expenditure incurred whatsoever related… Read More »

Income of charitable institutions excludes income exempt u/s 10

By | September 9, 2015

Whether in computing income of charitable institutions exempt under section 11, income exempt under section 10 has to be excluded ? or Whether requirement in section 11 with regard to application of income for charitable purposes does not apply to income exempt under section 10 ? Upon perusal of sections 10 and 11 it is… Read More »