Charitable exemption notification: Population Services International granted tax-exempt status subject to application, investment and business conditions. Notifies Population Services International, New Delhi, as a recipient of a tax exemption under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act for assessment years 1989-90 to 1991-92, subject to conditions that income be applied or accumulated wholly for the objects of the organisation, investments be limited to modes specified in section 11(5) (excluding certain voluntary contributions held as articles), and business income be excluded unless incidental to objectives with separate books maintained.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable exemption notification: Population Services International granted tax-exempt status subject to application, investment and business conditions.
Notifies Population Services International, New Delhi, as a recipient of a tax exemption under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act for assessment years 1989-90 to 1991-92, subject to conditions that income be applied or accumulated wholly for the objects of the organisation, investments be limited to modes specified in section 11(5) (excluding certain voluntary contributions held as articles), and business income be excluded unless incidental to objectives with separate books maintained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
