The Central Government notifies the 'Marwari Relief Society, Kolkata' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 337/2002 - Income Tax Act, 1961
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Income-tax exemption notification: Marwari Relief Society recognised under clause 10(23C)(iv) subject to specified compliance conditions. The Central Government notifies Marwari Relief Society, Kolkata under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments limited to modes permitted by the Act (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular income-tax return filing required; and on dissolution surplus/assets must be transferred to a charitable organisation with similar objectives.
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Income-tax exemption notification: Marwari Relief Society recognised under clause 10(23C)(iv) subject to specified compliance conditions.
The Central Government notifies Marwari Relief Society, Kolkata under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments limited to modes permitted by the Act (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular income-tax return filing required; and on dissolution surplus/assets must be transferred to a charitable organisation with similar objectives.
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