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of <h1>Central Government Notifies Krishnamurti Foundation India u/s 10 for Tax Exemption, 2002-2005 Assessment Years.</h1> The Central Government has notified 'Krishnamurti Foundation India, Chennai' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for the assessment years 2002-2003 to 2004-2005. The notification stipulates that the foundation must apply its income solely to its established objectives, restrict investments to specified modes, ensure business income is incidental and separately accounted, file regular tax returns, and, upon dissolution, transfer any surplus to a similar charitable organization. This notification supersedes the previous mention of 'Krishnamurthy Foundation, Chennai' as corrected in a subsequent corrigendum.
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