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<h1>Modern Vidya Niketan Society Notified Under Section 10(23C)(iv) for Tax Exemption: Key Compliance Requirements Outlined</h1> The Central Government has notified the Modern Vidya Niketan Society, Faridabad under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification stipulates that the Society must apply its income solely for its established objectives, invest funds only in specified forms, and maintain separate accounts for any business activities incidental to its objectives. Additionally, the Society is required to file regular income tax returns, and in the event of dissolution, its surplus and assets must be transferred to a similar charitable organization.