Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Indian Institute of Foreign Trade New Delhi notified under section 10(23C)(iv) for tax exemption; must follow specific conditions.</h1> The Central Government has notified the Indian Institute of Foreign Trade, New Delhi, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2000-2001. The notification stipulates that the institute must apply its income exclusively to its established objectives, invest funds only in specified modes, and maintain separate accounts for any business activities incidental to its objectives. It must also file regular income tax returns and, in the event of dissolution, transfer any surplus assets to a charitable organization with similar objectives.