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<h1>Maharashtra Gandhi Smarak Nidhi, Pune, recognized under Section 10(23C)(iv) for tax exemption, must adhere to strict income rules.</h1> The Central Government has notified Maharashtra Gandhi Smarak Nidhi, Pune, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1991-92 to 1993-94. The notification mandates that the organization must apply or accumulate its income solely for its established objectives. It must not invest its funds, except for voluntary contributions in specific forms, outside the modes specified in section 11(5). Additionally, the notification does not apply to business income unless the business supports the organization's objectives and maintains separate accounts.