Tax exemption under section 10(23C)(iv) applies to the Institute of Company Secretaries, subject to specified compliance conditions. Notification under section 10(23C)(iv) grants tax-exempt status to the Institute of Company Secretaries of India for specified assessment years, conditional on applying income wholly to its objects; limiting investments to prescribed modes (except certain voluntary contributions held as jewellery or furniture); excluding business profits unless incidental and separately accounted; regular filing of income-tax returns; and transferring surplus and assets on dissolution 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 under section 10(23C)(iv) applies to the Institute of Company Secretaries, subject to specified compliance conditions.
Notification under section 10(23C)(iv) grants tax-exempt status to the Institute of Company Secretaries of India for specified assessment years, conditional on applying income wholly to its objects; limiting investments to prescribed modes (except certain voluntary contributions held as jewellery or furniture); excluding business profits unless incidental and separately accounted; regular filing of income-tax returns; and transferring surplus and assets on dissolution to a charitable organisation with similar objectives.
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