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of <h1>Nathdwara Temple Gains Tax Exemption: Must Use Income for Objectives, Limit Investments, and Separate Business Income Accounting.</h1> The Central Government has notified Nathdwara Temple in Rajasthan under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification stipulates that the temple must apply its income exclusively to its established objectives and restricts investments to specified forms or modes, excluding certain voluntary contributions. Additionally, any income from business activities must be incidental to the temple's objectives and require separate accounting.
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