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of <h1>Family Planning Association of India Recognized Under Section 10(23C)(iv) for Tax Exemption, Subject to Specific Income and Investment Conditions.</h1> The Central Government has notified the Family Planning Association of India, Bombay, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1991-92 and 1992-93. The notification stipulates that the association must apply its income exclusively to its objectives and invest its funds according to specified modes, excluding voluntary contributions in forms like jewelry or furniture. Additionally, the notification excludes income from business profits unless the business supports the association's objectives and maintains separate accounts.
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