Tax exemption for receipts on behalf of Children's Book Trust - subject to application-to-objects, permitted investments, and compliance requirements. Notification exempts income received by any person on behalf of Children's Book Trust, New Delhi from inclusion in the recipient's total income for the specified assessment years, subject to conditions requiring exclusive application or limited accumulation of income to institutional objects, permitted modes of investment or deposit, exclusion of business income unless incidental with separate books, regular return filing, and transfer of surplus on dissolution to a like-minded 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.
Tax exemption for receipts on behalf of Children's Book Trust - subject to application-to-objects, permitted investments, and compliance requirements.
Notification exempts income received by any person on behalf of Children's Book Trust, New Delhi from inclusion in the recipient's total income for the specified assessment years, subject to conditions requiring exclusive application or limited accumulation of income to institutional objects, permitted modes of investment or deposit, exclusion of business income unless incidental with separate books, regular return filing, and transfer of surplus on dissolution to a like-minded organisation.
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