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Any income received by any person on behalf of “Council for Advancement of People's Action and Rural Technology, India Habitat Centre Zone, V-A, Lodhi Road, New Delhi-110003 exempted under Section 10 (23C)(iv) - 136/2007 - Income Tax Act, 1961
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Exemption for income received on behalf of a charitable institution remains subject to application, investment, audit, and dissolution conditions. Income received by any person on behalf of the Council for Advancement of People's Action and Rural Technology shall not be included in that person's total income under Section 10(23C)(iv), subject to conditions: income must be applied or properly accumulated for the Institution's objects with limited accumulation, investments must be in forms permitted by section 11(5), business income is excluded unless incidental and separately maintained, regular income-tax returns must be filed, an accountant's audit report furnished, and on dissolution assets must transfer to a like-minded organization. The notification applies only to receipts on behalf of the Institution and is effective for assessment years from 1999-2000 onward and may be rescinded for noncompliance.
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.
Exemption for income received on behalf of a charitable institution remains subject to application, investment, audit, and dissolution conditions.
Income received by any person on behalf of the Council for Advancement of People's Action and Rural Technology shall not be included in that person's total income under Section 10(23C)(iv), subject to conditions: income must be applied or properly accumulated for the Institution's objects with limited accumulation, investments must be in forms permitted by section 11(5), business income is excluded unless incidental and separately maintained, regular income-tax returns must be filed, an accountant's audit report furnished, and on dissolution assets must transfer to a like-minded organization. The notification applies only to receipts on behalf of the Institution and is effective for assessment years from 1999-2000 onward and may be rescinded for noncompliance.
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