Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
The Central Government notifies the 'National Foundation of India, New Delhi' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 076/2005 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Tax exemption notification: recognition granted with conditions on income application, permitted investments, business income, filing, and dissolution. Notification grants tax-exempt recognition to the National Foundation of India, New Delhi under clause (23C)(iv) of section 10 for assessment years 2002-03 to 2004-05 subject to conditions: apply income solely to objects or accumulate for them, restrict investments to permitted forms (excluding certain tangible voluntary contributions), exclude business income unless incidental with separate accounts, file returns regularly, and on dissolution transfer surplus to a like-minded charitable organisation.
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 notification: recognition granted with conditions on income application, permitted investments, business income, filing, and dissolution.
Notification grants tax-exempt recognition to the National Foundation of India, New Delhi under clause (23C)(iv) of section 10 for assessment years 2002-03 to 2004-05 subject to conditions: apply income solely to objects or accumulate for them, restrict investments to permitted forms (excluding certain tangible voluntary contributions), exclude business income unless incidental with separate accounts, file returns regularly, and on dissolution transfer surplus to a like-minded charitable organisation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.