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of <h1>J.R.D. Tata Trust Notified Under Section 10(23C)(iv) for Tax Exemptions; Conditions Apply on Income and Investments</h1> The Central Government has notified the 'J.R.D. Tata Trust' under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-99, 1999-2000, and 2000-2001. The notification stipulates that the Trust must apply its income solely to its established objectives and may only invest or deposit funds in specified forms or modes, excluding voluntary contributions in the form of jewellery or furniture. Additionally, the notification excludes income from business profits unless the business supports the Trust's objectives and separate accounts are maintained for such business activities.
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