Any income received by any person on behalf of Ramakrishna Sarada Mission, Dakshineswar, Kolkata exempted under Section 10 (23C)(iv) - 080/2006 - Income Tax Act, 1961
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Income exemption under Section 10(23C)(iv) for donations to Ramakrishna Sarada Mission subject to specified compliance conditions. Notification excludes, for specified assessment years, income received by any person on behalf of the Ramakrishna Sarada Mission from the recipient's total income, subject to conditions: income must be applied or accumulated exclusively for institutional objects with limits on accumulation; funds (except certain voluntary contributions) must be invested only in permitted modes; business income is excluded unless incidental and separately accounted; returns must be filed regularly; and on dissolution surplus assets must pass to a similar organisation. The exemption applies only to recipients receiving income on behalf of the Institution; the Institution's own taxability is considered separately.
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Provisions expressly mentioned in the judgment/order text.
Income exemption under Section 10(23C)(iv) for donations to Ramakrishna Sarada Mission subject to specified compliance conditions.
Notification excludes, for specified assessment years, income received by any person on behalf of the Ramakrishna Sarada Mission from the recipient's total income, subject to conditions: income must be applied or accumulated exclusively for institutional objects with limits on accumulation; funds (except certain voluntary contributions) must be invested only in permitted modes; business income is excluded unless incidental and separately accounted; returns must be filed regularly; and on dissolution surplus assets must pass to a similar organisation. The exemption applies only to recipients receiving income on behalf of the Institution; the Institution's own taxability is considered separately.
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