Charitable status notification conditions tax exemption on exclusive application of income and specified investment and business restrictions. Notification designates Rashtriya Gramin Vikas Nidhi, Guwahati as eligible under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to modes specified for charitable trusts except certain non-monetary voluntary contributions, and excluding business profits unless the business is incidental to objectives with separate accounting for such business.
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Provisions expressly mentioned in the judgment/order text.
Charitable status notification conditions tax exemption on exclusive application of income and specified investment and business restrictions.
Notification designates Rashtriya Gramin Vikas Nidhi, Guwahati as eligible under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to modes specified for charitable trusts except certain non-monetary voluntary contributions, and excluding business profits unless the business is incidental to objectives with separate accounting for such business.
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