Any income received by any person on behalf of Mata Amrithanandamayi Math, Amritapuri, Kollam Distt. Kerala exempted under Section 10 (23C)(iv) - 069/2006 - Income Tax Act, 1961
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Charitable income exemption: donations received on behalf of a religious institution excluded from donor's taxable income when conditions met. Any income received by any person on behalf of Mata Amrithanandamayi Math is excluded from that person's total income for specified assessment years under clause (23C)(v) of section 10, subject to conditions: exclusive application or limited accumulation of income, investment only in modes specified for charitable funds, business income being incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a similar organisation.
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: donations received on behalf of a religious institution excluded from donor's taxable income when conditions met.
Any income received by any person on behalf of Mata Amrithanandamayi Math is excluded from that person's total income for specified assessment years under clause (23C)(v) of section 10, subject to conditions: exclusive application or limited accumulation of income, investment only in modes specified for charitable funds, business income being incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a similar organisation.
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