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>Trust Gains Tax Exemption for 1992-95 Under Section 10(23C)(v); Must Adhere to Investment and Reporting Rules</h1> The Central Government has notified a trust for tax exemption under section 10(23C)(v) of the Income-tax Act, 1961 for assessment years 1992-93 to 1994-95. The trust must apply its income exclusively to its established objectives, and its funds must be invested according to specified modes. The notification excludes income from business activities unless they are incidental to the trust's objectives, with separate accounts maintained. The trust is also required to file regular income tax returns.