Any income received by any person on behalf ofRailway Ministers Welfare & Relief Fund, New Delhi exempted under Section 10 (23C)(iv) for the Assessment Years 2001-2002 to 2003-2004 - 084/2006 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Charitable-receipts exemption: income received on behalf of a welfare fund exempt subject to prescribed conditions. Receipts received by any person on behalf of Railway Ministers Welfare & Relief Fund, New Delhi are not to be included in that person's total income under clause (23C)(iv) of section 10 for the specified assessment years, provided the Fund applies or limits accumulation of income to its objects, restricts investments to forms allowed by section 11(5), treats business income as incidental only if separately maintained, files returns regularly, and directs surplus assets 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.
Charitable-receipts exemption: income received on behalf of a welfare fund exempt subject to prescribed conditions.
Receipts received by any person on behalf of Railway Ministers Welfare & Relief Fund, New Delhi are not to be included in that person's total income under clause (23C)(iv) of section 10 for the specified assessment years, provided the Fund applies or limits accumulation of income to its objects, restricts investments to forms allowed by section 11(5), treats business income as incidental only if separately maintained, files returns regularly, and directs surplus assets on dissolution to a like-minded organisation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
