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of <h1>Madhya Pradesh Mahila Kalyan Samiti Bhopal notified under Section 10(23C)(iv) for tax exemption with specific conditions.</h1> The Central Government has notified 'Madhya Pradesh Mahila Kalyan Samiti Bhopal' under section 10(23C)(iv) of the Income-tax Act, 1961, for assessment years 2002-2003 to 2004-2005. The notification imposes conditions: the organization must apply its income exclusively to its objectives, invest funds as specified in section 11(5), maintain separate accounts for incidental business activities, file regular income tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization. This ensures compliance with tax regulations while supporting the organization's charitable purposes.
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