Application of income u/s 11

[Rakesh Jain]

application of income u/s 11

[Surender Gupta]

The provisions of section 11 read with section 12 are self contained provisions. Income derived from the sources mentioned in section 11(1) must be applied strictly in accordance with the provisions of section 11. However, some time there may be some doubts or difficulties in deciding the nature of application. For this purpose various case laws may be referred to. You have not mentioned any specific issue related to application of income 11 or your purpose of put this issue under discussion. Kindly be more specific.

[DEV KUMAR KOTHARI]

What really you want to know is not clear. In submit view/ discussion the sender should send his view and then seek view of others. Otherwise it will just become a forum to seek information. this is not a subject matter for discussion. It is a matter of gathering information which one must try. Or at least one should send his views and information then seek views of others. this is my personal view. Your statement is not even a question which can deserve a reply.

AI Summary

Discussion on Income Application Under Section 11 of Income Tax Act Needs Clarity for Productive Dialogue A discussion on the application of income under section 11 of the Income Tax Act was initiated, but lacked specificity, leading to unclear queries. One participant noted that sections 11 and 12 are comprehensive, suggesting referring to case laws for clarity on application issues. Another participant emphasized the importance of presenting a clear question or viewpoint to facilitate meaningful discussion, rather than using the forum merely to gather information. Both responses highlighted the need for more detailed input from the original poster to engage in productive dialogue.