Tax exemption under section 10(23C)(vi) recognised for an educational society subject to compliance and accounting conditions. Notification grants tax exemption to the National Education Society of Karnataka, Bangalore for assessment years 1999-2000 to 2001-2002 subject to conditions: application of income wholly to objects, restricted modes of investment as permitted by section 11(5) (excluding certain voluntary contributions), exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.
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Tax exemption under section 10(23C)(vi) recognised for an educational society subject to compliance and accounting conditions.
Notification grants tax exemption to the National Education Society of Karnataka, Bangalore for assessment years 1999-2000 to 2001-2002 subject to conditions: application of income wholly to objects, restricted modes of investment as permitted by section 11(5) (excluding certain voluntary contributions), exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.
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