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of <h1>Central Government Notifies CRY Mumbai Under Section 10(23C)(iv) of Income-tax Act for 2003-2006 Assessment Years</h1> The Central Government has notified 'CRY - Child Relief & You, Mumbai' under Section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 2003-2004 to 2005-2006. The notification requires the organization to apply its income exclusively to its objectives, restricts investment of funds to specified modes, and mandates separate accounting for any business activities incidental to its objectives. The organization must file regular income tax returns and, upon dissolution, transfer surplus assets to a similar charitable organization.
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