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Any income received by any person on behalf of “Haryana Amalgamated Fund for the Welfare of Ex-Servicemen, Sainik Bhawan, Sector-12, Panchkula exempted under Section 10 (23C)(iv) - 134/2007 - Income Tax Act, 1961
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Tax exemption under Section 10(23C)(iv) exempts income received on behalf of a welfare fund subject to compliance. Notification grants tax exemption under Section 10(23C)(iv) for income received by persons on behalf of the Haryana Amalgamated Fund for the Welfare of Ex-Servicemen, subject to application or permissible accumulation of income for its objects, investment only in modes allowed by section 11(5), exclusion of business income unless incidental with separate books, regular return filing and prescribed audit, transfer of surplus on dissolution to similar organizations, applicability from the stated assessment year onward, and rescindment if activities are not genuine or conditions are breached.
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.
Tax exemption under Section 10(23C)(iv) exempts income received on behalf of a welfare fund subject to compliance.
Notification grants tax exemption under Section 10(23C)(iv) for income received by persons on behalf of the Haryana Amalgamated Fund for the Welfare of Ex-Servicemen, subject to application or permissible accumulation of income for its objects, investment only in modes allowed by section 11(5), exclusion of business income unless incidental with separate books, regular return filing and prescribed audit, transfer of surplus on dissolution to similar organizations, applicability from the stated assessment year onward, and rescindment if activities are not genuine or conditions are breached.
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