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of <h1>Government exempts Mysore Resettlement and Development Agency's income from tax for 2006-09 under Section 10(23C)(iv).</h1> The Central Government has issued a notification exempting any income received on behalf of The Mysore Resettlement and Development Agency, Bangalore, from being included in the total income for assessment years 2006-07 to 2008-09 under Section 10(23C)(iv) of the Income-tax Act, 1961. This exemption is subject to conditions, including the application of income to the agency's objectives, restrictions on fund investments, maintenance of separate accounts for any incidental business activities, regular filing of income returns, and asset distribution upon dissolution. The exemption applies only to income received on behalf of the agency, not to other income of the recipients.
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