Section 11 C Of The Income Tax Act

Any legal expenses as defined in section 11 c of the income tax act the act actually incurred in respect of any claim dispute or action at law arising in the course of or by any reason of the ordinary operations of a taxpayer in the carrying on of his trade are deductible.
Section 11 c of the income tax act. Reintroduced by the direct tax laws amendment act 1989 with effect from 1 4 1989 with some modifications. 27 june 2018 act. As per the provisions of section 11 5 of the income tax act 1961 investments by a trust has to be made as per the prescribed mode of investments as contained therein.
Section 11 1 c in the income tax act 1995 c income 4 derived from property held under trust i created on or after the 1st day of april 1952 for a charitable purpose which tends to promote international welfare in which india is interested to the extent to which such income is applied to such purposes outside india and. Section 11 of income tax act 1961 provides exemptions for income earned from property held under charitable trusts societies for the activities carried out on charitable or religious purposes subject to certain terms and conditions. Investment in public sector companies are eligible mode of investment as per section 11 5 vii by a charitable trust.
1961 income tax department all acts income tax act 1961. Comptroller means the comptroller of income tax appointed under section 3 1 and includes for all purposes of this act except the exercise of the powers conferred upon the comptroller by sections 34f 9 37ie 7 37j 5 67 1 a 95 96 96a and 101 a deputy comptroller or an assistant comptroller so appointed. Pre trade expenditure and losses.
The deduction is however limited to so much thereof as. Income tax act 58 of 1962. Section 11 1 in the income tax act 1995 1 subject to the provisions of sections 60 to 63 the following income shall not be included in the total income of the previous year of the person in receipt of the income.
The income tax department never asks for your pin numbers. Apportionment of income between spouses governed by portuguese civil code.