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The Central Government notifies the 'Ramakrishna Math, Belur Math, Howrah, West Bengal' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 072/2005 - Income Tax Act, 1961
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Tax exemption recognition: Ramakrishna Math notified subject to exclusive application of income, permitted investments, filing and dissolution conditions. Notification designates Ramakrishna Math, Belur Math, Howrah as eligible under clause (23C)(iv) of section 10 for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for its objects; investments or deposits of funds limited to legally permitted modes (except certain voluntary contributions held as jewellery, furniture etc.); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets to be given to a charitable organisation with similar objectives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption recognition: Ramakrishna Math notified subject to exclusive application of income, permitted investments, filing and dissolution conditions.
Notification designates Ramakrishna Math, Belur Math, Howrah as eligible under clause (23C)(iv) of section 10 for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for its objects; investments or deposits of funds limited to legally permitted modes (except certain voluntary contributions held as jewellery, furniture etc.); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets to be given to a charitable organisation with similar objectives.
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