Notification under section 10(23C)(iv) recognises a foundation's tax-exempt status subject to compliance and regular returns. Notification recognises the Deepak Gupta Memorial Foundation as eligible for tax exemption under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, subject to the Foundation's compliance with the conditions of that sub-clause and the Income-tax Rules, 1962; the Foundation must regularly file its income-tax returns in accordance with the Act.