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of <h1>Maharana Pratap Smarak Samiti Notified Under Section 10(23C)(iv) for Tax Exemption; Must Comply with Investment and Reporting Rules.</h1> The Central Government has notified the Maharana Pratap Smarak Samiti, Udaipur, Rajasthan, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1996-97 to 1998-99. The notification stipulates that the organization must apply its income exclusively to its established objectives, restrict its investments to specified forms, and ensure business activities are incidental and separately accounted for. Additionally, the organization is required to file regular income tax returns in compliance with the Income-tax Act.
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