TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Educational Trust Approved Under Section 10(23C)(vi) with Strict Conditions on Income Use, Investment, and Compliance</h1> The Chief Commissioner of Income-tax has approved an educational trust under section 10(23C)(vi) of the Income-tax Act, 1961, effective from the assessment year 2009-10. The trust must comply with specific conditions, including applying its income exclusively for its objectives, limiting income accumulation to five years if exceeding fifteen percent, and ensuring investments align with section 11(5) of the Act. The trust cannot engage in trade or business activities and must audit its accounts and file returns regularly. In case of dissolution, assets must go to a non-profit educational organization. Approval excludes anonymous donations and can be withdrawn if conditions are violated.
TaxTMI 
TaxTMI 
