The Central Government notifies the 'Bharatiya Bhasha Parishad, Kolkata' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 302/2002 - Income Tax Act, 1961
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Tax exemption notification: charitable society notified subject to income application, investment, accounting and reporting conditions for prior assessment years. Notification designates Bharatiya Bhasha Parishad, Kolkata as eligible for tax-exempt treatment for specified assessment years provided it applies or accumulates income solely to its objects, limits investments to permitted forms, treats business income as excluded unless incidental and separately accounted, files returns regularly, and on dissolution transfers surplus and assets to a similarly purposed charitable organization.
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Tax exemption notification: charitable society notified subject to income application, investment, accounting and reporting conditions for prior assessment years.
Notification designates Bharatiya Bhasha Parishad, Kolkata as eligible for tax-exempt treatment for specified assessment years provided it applies or accumulates income solely to its objects, limits investments to permitted forms, treats business income as excluded unless incidental and separately accounted, files returns regularly, and on dissolution transfers surplus and assets to a similarly purposed charitable organization.
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