Notification under section 10(23C)(iv): Export Promotion Council for Handicrafts granted exemption subject to income application and compliance. Notification accords the Export Promotion Council for Handicrafts tax-exempt status under sub-clause (iv) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, conditional on applying income wholly and exclusively to its objects, restricting investments to prescribed modes (except specified voluntary contributions retained as jewellery or furniture), excluding business income unless incidental with separate books, and timely filing of income-tax returns.
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Notification under section 10(23C)(iv): Export Promotion Council for Handicrafts granted exemption subject to income application and compliance.
Notification accords the Export Promotion Council for Handicrafts tax-exempt status under sub-clause (iv) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, conditional on applying income wholly and exclusively to its objects, restricting investments to prescribed modes (except specified voluntary contributions retained as jewellery or furniture), excluding business income unless incidental with separate books, and timely filing of income-tax returns.
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