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of <h1>Veda Rakshana Nidhi Trust Notified Under Section 10(23C)(iv) for Tax Exemption; Restrictions on Income Use Specified</h1> The Central Government has notified the Veda Rakshana Nidhi Trust, Madras, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1990-91 to 1992-93. The notification stipulates that the trust must apply its income solely to its established objectives and restricts investment of its funds to specified forms or modes, excluding voluntary contributions in the form of jewellery or furniture. Additionally, the notification excludes applicability to business income unless the business is incidental to the trust's objectives and separate accounts are maintained for such business.
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