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Any income received by any person on behalf of “National Institute of Public Finance and Policy, 18/2, Satsang Vihar Marg, Special Institutional Area, (Near JNU), New Delhi exempted under Section 10 (23C)(v) - 015/2007 - Income Tax Act, 1961
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Charitable income exemption: income received for a public finance institute is tax-exempt subject to specified compliance conditions. Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the National Institute of Public Finance and Policy from inclusion in that person's total income, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, business only if incidental with separate books, regular filing of returns, dissolution transfer of surplus to a like organization, and furnishing an accountant's audit report with the return.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable income exemption: income received for a public finance institute is tax-exempt subject to specified compliance conditions.
Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the National Institute of Public Finance and Policy from inclusion in that person's total income, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, business only if incidental with separate books, regular filing of returns, dissolution transfer of surplus to a like organization, and furnishing an accountant's audit report with the return.
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