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of <h1>Income for India International Rural Cultural Centre Exempt from 1999-2008 Under Section 10(23C)(iv) of Income-tax Act</h1> Any income received on behalf of the India International Rural Cultural Centre in New Delhi is exempt from inclusion in total income for assessment years 1999-2000 to 2007-2008 under Section 10(23C)(iv) of the Income-tax Act, 1961. Conditions for this exemption include the application of income to the institution's objectives, restrictions on fund investments, exclusion of business profits unless incidental, regular income tax filings, and asset distribution upon dissolution to similar organizations. This exemption applies only to income received on behalf of the institution and not to other receipts or income of the recipients.
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