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of <h1>Central Government Recognizes Forum of Financial Writers Under Section 10(23C)(iv) for Tax Exemption; Conditions Apply</h1> The Central Government has issued a notification under section 10(23C)(iv) of the Income-tax Act, 1961, recognizing the Forum of Financial Writers, New Delhi, for the assessment years 1997-98 to 1999-2000. The notification stipulates that the Forum must use its income solely for its established objectives, adhere to specified investment modes, and maintain separate accounts for any incidental business activities. The Forum is also required to file regular income tax returns and, in the event of dissolution, transfer any surplus assets to a charitable organization with similar goals.
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