Exemption for charitable receipts: income received on behalf of a notified trust excluded from donor's taxable income subject to compliance. Income received by any person on behalf of G.C.Y.M Charity Trust, Nagaland is excluded from that person's total income under Section 10(23C)(iv) subject to conditions: the Institution must apply or duly accumulate income for its objects with limited accumulation, invest or deposit funds only in permitted forms, treat business receipts as taxable unless incidental with separate books, file returns regularly, transfer surplus on dissolution to a similar organisation, and obtain an accountant's audit report furnished with the return.