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of <h1>Rajashan Medical Society Approved Under Income-tax Act Section 23C(v) With Conditions Starting 2010-11 Assessment Year</h1> The Rajashan Medical Society and Research Centre in Sumerpur has been approved under Section 23C(v) of the Income-tax Act, 1961, effective from the assessment year 2010-11 onwards. This approval is contingent upon several conditions: the society must apply its income exclusively for its established objectives, invest funds only as specified in the Act, and maintain separate accounts for any incidental business activities. It must file regular income tax returns and, upon dissolution, transfer assets to a similar charitable organization. The approval excludes anonymous donations as per the Act's provisions.
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