Income exemption under Section 10(23C)(iv) applies to donations received for the specified benevolent fund subject to compliance. Income received by any person on behalf of the Tamil Nadu Ex-Services Personnel Benevolent Fund is not to be included in the recipient's total income under Section 10(23C)(iv), conditioned on exclusive application or limited accumulation of income, permitted modes of investment, incidental-business treatment with separate books, regular income-tax return filing, audited accounts with prescribed audit report, and transfer of surplus on dissolution to a like-minded organization; the exemption applies only to receipts on the Institution's behalf and may be rescinded if conditions are not met.