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of <h1>Income Tax Deduction Exemption for Ramakrishna Math & Mission u/s 10(23C)(iv) Now Effective.</h1> The circular, dated June 28, 2002, addresses the exemption from the requirement to deduct income tax at source on payments to certain entities whose income is exempt under section 10(23C)(iv) of the Income-tax Act, 1961. Specifically, it applies to Ramakrishna Math and Ramakrishna Mission. The exemption covers income from interest on securities of the Central and State Governments, other interest income, and income from units of specified Mutual Funds or the Unit Trust of India. The provisions of this circular are effective from the current financial year.
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