Tax exemption approval under section 10(23C)(vi) granted subject to compliance, investment, reporting and dissolution conditions. Approval is accorded to BAL VIDYA PRASARAK MANDAL, Nashik, for the purpose of section 10(23C)(vi) from A.Y.2009-10, subject to conditions: apply income wholly to charitable objects; invest only in forms permitted by section 11(5); business income excluded unless incidental with separate books; file returns with audit reports; surplus assets on dissolution to similar organizations; approval subject to provisos to sections 10(23C) and 143(3); approval may be withdrawn if obtained by fraud or misrepresentation; not applicable to trade, commerce or anonymous donations.
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Tax exemption approval under section 10(23C)(vi) granted subject to compliance, investment, reporting and dissolution conditions.
Approval is accorded to BAL VIDYA PRASARAK MANDAL, Nashik, for the purpose of section 10(23C)(vi) from A.Y.2009-10, subject to conditions: apply income wholly to charitable objects; invest only in forms permitted by section 11(5); business income excluded unless incidental with separate books; file returns with audit reports; surplus assets on dissolution to similar organizations; approval subject to provisos to sections 10(23C) and 143(3); approval may be withdrawn if obtained by fraud or misrepresentation; not applicable to trade, commerce or anonymous donations.
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