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<h1>Jawaharlal Nehru Memorial Fund gains tax exemption under Section 10 clause (23C)(iv) for 2005-2008 with strict compliance.</h1> The Central Government has notified the 'Jawaharlal Nehru Memorial Fund, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, effective for the assessment years 2005-2006 to 2007-2008. The notification stipulates that the fund must apply its income exclusively to its established objectives, invest its funds according to specified modes, and maintain separate accounts for any incidental business activities. The fund is also required to file regular income tax returns and, upon dissolution, transfer its surplus and assets to a similar charitable organization.