The Central Government notified the 'Karnataka Chief Minister's Medical Relief Society Bangalore' under section 10(23C) (iv) - 023/2004 - 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 recognition for a charitable medical society under section 10(23C)(iv) granted subject to operational and filing conditions. Notification recognizes the Karnataka Chief Minister's Medical Relief Society, Bangalore, under section 10(23C)(iv) for assessment years 2002-03 to 2004-05, subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms permitted by law (with limited exceptions for certain voluntary contributions); treat business income as non-exempt unless incidental and separately accounted; file returns regularly; and, on dissolution, transfer surplus and assets 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 for a charitable medical society under section 10(23C)(iv) granted subject to operational and filing conditions.
Notification recognizes the Karnataka Chief Minister's Medical Relief Society, Bangalore, under section 10(23C)(iv) for assessment years 2002-03 to 2004-05, subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms permitted by law (with limited exceptions for certain voluntary contributions); treat business income as non-exempt unless incidental and separately accounted; file returns regularly; and, on dissolution, transfer surplus and assets to a charitable organisation with similar objectives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.