Notification of charitable status conditions tax-exemption eligibility on exclusive application of income and restricted investments. Notification designates Shri Krishna Janmasthan Seva Sansthan as eligible under clause (23C)(v) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to forms permitted for charitable trusts (with limited treatment for voluntary contributions held in kind); business income is excluded unless incidental and maintained in separate books; and the institution must regularly file income-tax returns.
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.
Notification of charitable status conditions tax-exemption eligibility on exclusive application of income and restricted investments.
Notification designates Shri Krishna Janmasthan Seva Sansthan as eligible under clause (23C)(v) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to forms permitted for charitable trusts (with limited treatment for voluntary contributions held in kind); business income is excluded unless incidental and maintained in separate books; and the institution must regularly file income-tax returns.
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