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Section 10(23C)(v) of the Income-tax Act, 1961 notifies Guruvayur Devaswom, Guruvayur for the A.Y. 2002-03 to 2004-05 - 217/2005 - Income Tax Act, 1961
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Charitable exemption notification: Guruvayur Devaswom recognised subject to income application, investment limits, accounting and dissolution conditions. Notification confers a charitable exemption on Guruvayur Devaswom for specified assessment years conditional on applying or accumulating income wholly to its objects; restricting investments to modes permitted for trust funds (except voluntary contributions maintained as jewellery or furniture); excluding business income unless incidental and maintained in separate books; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to an organisation with similar objectives.
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Charitable exemption notification: Guruvayur Devaswom recognised subject to income application, investment limits, accounting and dissolution conditions.
Notification confers a charitable exemption on Guruvayur Devaswom for specified assessment years conditional on applying or accumulating income wholly to its objects; restricting investments to modes permitted for trust funds (except voluntary contributions maintained as jewellery or furniture); excluding business income unless incidental and maintained in separate books; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to an organisation with similar objectives.
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