TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Bombay Iron & Steel Labour Board Notified Under Section 10(23C) for Tax Exemptions, Must Follow Strict Income Guidelines</h1> The Central Government has notified the 'Bombay Iron & Steel Labour Board' under section 10(23C) of the Income-tax Act for the assessment years 2002-2003 to 2004-2005. The notification stipulates that the Board must apply its income exclusively to its established objectives, avoid certain investments, and maintain separate accounts for any incidental business activities. The Board is required to file regular income tax returns and, in case of dissolution, transfer its surplus assets to a similar charitable organization. This notification excludes income from business profits unless they are incidental to the Board's objectives.
TaxTMI 
TaxTMI 
