Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Squash Rackets Association of Maharashtra Notified for Tax Exemption Under Section 10(23) for 1991-94 Assessment Years</h1> The Central Government has notified the Squash Rackets Association of Maharashtra, Bombay under section 10(23) of the Income-tax Act, 1961, for assessment years 1991-92 to 1993-94. The association must apply or accumulate its income solely for its established objectives, avoid investing funds in specified non-permissible forms, refrain from distributing income to members except as grants to affiliated associations, and maintain separate accounts for any incidental business income. This notification excludes income from non-incidental business activities.