The Central Government notifies the 'Sir Ratan Tata Trust, Bombay House, Mody Street, Mumbai' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 226/2002 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Tax exemption notification for charitable trust granted subject to income application, investment, business and dissolution compliance. Notification designates Sir Ratan Tata Trust as eligible 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 and deposits limited to permitted forms; business income excluded unless incidental with separate accounts; regular filing of income-tax returns; and on dissolution surplus assets must transfer to a similarly purposed charitable organization.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption notification for charitable trust granted subject to income application, investment, business and dissolution compliance.
Notification designates Sir Ratan Tata Trust as eligible 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 and deposits limited to permitted forms; business income excluded unless incidental with separate accounts; regular filing of income-tax returns; and on dissolution surplus assets must transfer to a similarly purposed charitable organization.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.