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of <h1>World Renewal Spiritual Trust Exempt from TDS on Certain Incomes for FY 2002-03 & 2003-04 u/s 10(23C).</h1> The Board has decided that payments to the World Renewal Spiritual Trust, Mumbai, which is exempt from income tax under section 10(23C) of the Income-tax Act, 1961, will not require tax deduction at source for certain types of income. These include interest on securities, other interest income, and income from specified mutual funds or the Unit Trust of India. This exemption applies for financial years 2002-03 and 2003-04, corresponding to assessment years 2003-04 and 2004-05.
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