Tax exemption under section 10(23C)(v): Dohnavur Fellowship notified subject to income application and investment restrictions. Notification designates Dohnavur Fellowship as eligible for tax exemption under clause (23C)(v) of section 10 for assessment years 1989-90 to 1991-92, conditional on application of income wholly and exclusively to its objects, investment or deposit of funds only in forms permitted by section 11(5) (excluding certain retained voluntary contributions), and exclusion of business profits unless the business is incidental and maintained in separate books of account.
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Tax exemption under section 10(23C)(v): Dohnavur Fellowship notified subject to income application and investment restrictions.
Notification designates Dohnavur Fellowship as eligible for tax exemption under clause (23C)(v) of section 10 for assessment years 1989-90 to 1991-92, conditional on application of income wholly and exclusively to its objects, investment or deposit of funds only in forms permitted by section 11(5) (excluding certain retained voluntary contributions), and exclusion of business profits unless the business is incidental and maintained in separate books of account.
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