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of <h1>Central Government Notifies Sant Shri Asharam Ashram Under Section 10(23C)(iv) for Tax Exemption with Specific Conditions</h1> The Central Government has notified 'Sant Shri Asharam Ashram, Ahmedabad, Gujarat' under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 2002-2003 to 2004-2005. The notification specifies conditions: the ashram must apply its income exclusively to its objectives, invest funds as per section 11(5), maintain separate accounts for any business income, file regular income tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization.
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