Tax exemption notification under section 10(23C)(iv) grants conditional recognition to a charitable association for specified assessment years. Notification under section 10(23C)(iv) notifies Family Planning Association of India, Bombay for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments or deposits of funds during the relevant previous years are restricted to the modes specified for charitable trusts except for voluntary contributions retained in tangible form; and the notification does not apply to business income unless the business is incidental to objectives and separate books of account are 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.
Tax exemption notification under section 10(23C)(iv) grants conditional recognition to a charitable association for specified assessment years.
Notification under section 10(23C)(iv) notifies Family Planning Association of India, Bombay for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments or deposits of funds during the relevant previous years are restricted to the modes specified for charitable trusts except for voluntary contributions retained in tangible form; and the notification does not apply to business income unless the business is incidental to objectives and separate books of account are maintained.
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