Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government Grants Tax Exemption to Church of South India Trust for 2007-2010 Under Section 10(23C)(v)</h1> The Central Government has issued a notification exempting any income received on behalf of The Church of South India Trust Association, Chennai, from being included in the total income for assessment years 2007-08 to 2009-10 under Section 10(23C)(v) of the Income-tax Act, 1961. This exemption is subject to conditions: the income must be applied to the institution's objectives, investments must comply with Section 11(5) forms, business income must be incidental with separate accounts, regular tax returns must be filed, and upon dissolution, assets must go to a similar organization. This applies only to income received on behalf of the institution.