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of <h1>Central Government Recognizes Shri Ram Chandra Mission Under Section 10(23C)(iv) for Specific Tax Exemptions</h1> The Central Government has notified 'Shri Ram Chandra Mission, New Delhi' under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification requires the organization to apply or accumulate its income exclusively for its established objectives. It also mandates that funds, excluding certain voluntary contributions, must be invested as specified in section 11(5) of the Act. Additionally, the notification excludes applicability to income from business profits unless incidental to the organization's objectives, with separate accounts maintained for such business activities.
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