Form No. 55 - Application for approval of an association or institution for purposes of exemption under section 10(23), or continuance thereof for the year….. (Omitted)
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Tax exemption under section 10(23) requires institutional disclosures and DGIT(Exemptions) approval routed through the Commissioner. Application for approval or continuance of exemption under section 10(23) requires an association to disclose legal status, registration, objects and ... Summary
Tax exemption under section 10(23) requires institutional disclosures and DGIT(Exemptions) approval routed through the Commissioner.
Application for approval or continuance of exemption under section 10(23) requires an association to disclose legal status, registration, objects and activities, office-bearers, total income and utilisation for objects, accumulated amounts, detailed investment modes and income, business activities and incidental business status, in-kind contributions and purchases from interested persons, any benefits to interested persons, amounts deemed as income under section 11 rules, assessment particulars, prior distributions to members, and audited accounts; to be submitted to the DGIT(Exemptions) through the Commissioner with four copies and any further documents as requested.
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