TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Exemption for Petroleum Planning and Analysis Cell Under Section 10(23C)(iv) for 2003-2006 with Specific Conditions</h1> Notification No. 135/2006, dated June 9, 2006, exempts income received on behalf of the Petroleum Planning and Analysis Cell from being included in the total income for assessment years 2003-2004 to 2005-2006, under Section 10(23C)(iv) of the Income-tax Act, 1961. The exemption is conditional upon the institution applying its income exclusively to its objectives, limiting income accumulation beyond 15% to five years, investing funds as specified, maintaining separate accounts for incidental business income, filing regular tax returns, and distributing assets to similar organizations upon dissolution. This applies only to income received on behalf of the institution.
TaxTMI 
TaxTMI 
