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of <h1>India International Centre Notified Under Section 10(23C)(iv) for Tax Exemption with Strict Compliance Conditions</h1> The Central Government has notified the India International Centre, New Delhi, under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for the assessment years 2003-2004 to 2005-2006. The notification stipulates that the Centre must apply its income exclusively to its established objectives, restrict investments to specified forms, maintain separate accounts for any incidental business, file regular income tax returns, and, upon dissolution, transfer any surplus and assets to a similar charitable organization.
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