Charitable recognition under section 10(23C)(iv) grants tax notification for Shri Ram Chandra Mission subject to specified compliance. Notification grants charitable recognition to Shri Ram Chandra Mission subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits of funds during the relevant previous years are restricted to permitted modes except for voluntary contributions maintained as tangible items; and income that is profits and gains of business is excluded unless the business is incidental to objectives and separate books of account are maintained.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable recognition under section 10(23C)(iv) grants tax notification for Shri Ram Chandra Mission subject to specified compliance.
Notification grants charitable recognition to Shri Ram Chandra Mission subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits of funds during the relevant previous years are restricted to permitted modes except for voluntary contributions maintained as tangible items; and income that is profits and gains of business is excluded unless the business is incidental to objectives and separate books of account are maintained.
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