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of <h1>Entities Considered Government-Financed if Grants Exceed 50% of Total Receipts: Impact on Tax-Exempt Status Under Section 10(23C)</h1> For the purposes of sub-clauses (iiiab) and (iiiac) of clause (23C) of section 10 of the Income Tax Act, a university, educational institution, hospital, or similar entity is considered substantially financed by the government if the government grant exceeds 50% of the total receipts, including voluntary contributions, for the relevant previous year. This determination affects the tax-exempt status of these institutions under the specified provisions.
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