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<h1>Central Government Grants Income Tax Exemption to B.P. Koirala India-Nepal Foundation Under Section 10(23C)(iv) for 1997-2000</h1> The Central Government has notified the B.P. Koirala India-Nepal Foundation, located at the Royal Nepalese Embassy in New Delhi, under clause (23C)(iv) of section 10 of the Income-tax Act, 1961. This notification applies for the assessment years 1997-98 to 1999-2000, subject to conditions: the foundation must use its income solely for its objectives, invest funds per section 11(5), not apply to business income unless incidental and separately accounted, regularly file tax returns, and in case of dissolution, transfer surplus assets to a similar charitable organization.