Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Bharat Scouts & Guides Notified Under Section 10(23C)(iv) for Tax Exemption; Conditions on Income Use and Investments.</h1> The Central Government has notified 'The Bharat Scouts & Guides, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for assessment years 2004-2005 to 2006-2007. The notification imposes conditions: the organization must use its income exclusively for its objectives, invest funds only in specified modes, and maintain separate accounts for any incidental business income. It must file regular income tax returns and, upon dissolution, transfer surplus assets to a similar charitable organization. This notification excludes profits from non-incidental business activities.