Income exemption for donations to charitable institutions: receipts on behalf of an institution need not be included in recipient income. Any income received by any person on behalf of TAMANA, Vasant Vihar, New Delhi shall not be included in the total income of such person for the assessment years 2005-06 to 2006-07, subject to conditions: income applied wholly and exclusively to the Institution's objects or accumulated within limits (excess accumulation capped and limited in duration); investments restricted to modes under section 11(5); business income incidental with separate books; regular filing of returns; and transfer of surplus to a similar organisation on dissolution. The notification applies only to receipts on behalf of the Institution.
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.
Income exemption for donations to charitable institutions: receipts on behalf of an institution need not be included in recipient income.
Any income received by any person on behalf of TAMANA, Vasant Vihar, New Delhi shall not be included in the total income of such person for the assessment years 2005-06 to 2006-07, subject to conditions: income applied wholly and exclusively to the Institution's objects or accumulated within limits (excess accumulation capped and limited in duration); investments restricted to modes under section 11(5); business income incidental with separate books; regular filing of returns; and transfer of surplus to a similar organisation on dissolution. The notification applies only to receipts on behalf of the Institution.
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