Tax exemption under section 10(23C)(iv) notification for Annie Besant Trust limited by application, investment, and accounting conditions. Notification designates The Annie Besant Trust eligible under sub-clause (iv) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions requiring exclusive application or accumulation of income to trust objects, investment or deposit of funds only in permitted modes (with limited exception for voluntary contributions held as movable assets), and exclusion of business profits unless incidental to objectives with separate books maintained.
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Tax exemption under section 10(23C)(iv) notification for Annie Besant Trust limited by application, investment, and accounting conditions.
Notification designates The Annie Besant Trust eligible under sub-clause (iv) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions requiring exclusive application or accumulation of income to trust objects, investment or deposit of funds only in permitted modes (with limited exception for voluntary contributions held as movable assets), and exclusion of business profits unless incidental to objectives with separate books maintained.
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