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>All India Tennis Association notified under Section 10(23) of Income-tax Act; must adhere to specific income use conditions.</h1> The Central Government has notified the All India Tennis Association, New Delhi, under section 10(23) of the Income-tax Act, 1961, for the assessment years 1993-94 to 1995-96. The notification stipulates conditions: the association must apply or accumulate income exclusively for its objectives, not invest funds outside specified modes, refrain from distributing income to members except as grants to affiliates, and ensure business income is incidental to its objectives with separate accounts maintained. This notification excludes profits from non-incidental business activities.