Notification of tax exemption for National Horticulture Board subject to application, permitted investments and business income rules Notification designates National Horticulture Board, Gurgaon as a notified entity under the cited sub-clause for specified assessment years, contingent on applying or accumulating income exclusively to its objects, restricting investments to forms permitted for charitable trusts, treating voluntary contributions differently, and excluding business income except where incidental and accounted for in separate books.
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Notification of tax exemption for National Horticulture Board subject to application, permitted investments and business income rules
Notification designates National Horticulture Board, Gurgaon as a notified entity under the cited sub-clause for specified assessment years, contingent on applying or accumulating income exclusively to its objects, restricting investments to forms permitted for charitable trusts, treating voluntary contributions differently, and excluding business income except where incidental and accounted for in separate books.
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