Tax exemption under section 10(23C)(v): institution notified subject to income application, investment limits, and business conditions. Notification grants tax exemption under section 10(23C)(v) to Ramakrishna Vedanta Math, Calcutta for assessment years 1993-94 to 1995-96, conditional on applying income wholly and exclusively to its objects, restricting investments to forms permitted under section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.), and excluding business income unless incidental to objectives with separate books maintained.
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Tax exemption under section 10(23C)(v): institution notified subject to income application, investment limits, and business conditions.
Notification grants tax exemption under section 10(23C)(v) to Ramakrishna Vedanta Math, Calcutta for assessment years 1993-94 to 1995-96, conditional on applying income wholly and exclusively to its objects, restricting investments to forms permitted under section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.), and excluding business income unless incidental to objectives with separate books maintained.
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