Tax exemption recognition for charitable institution under income tax law granted subject to compliance and investment conditions. The Central Government notifies Sri Sarda Math as a charitable institution under clause (23C)(v) of section 10 for assessment years 2002 2003 to 2004 2005 subject to conditions: apply income wholly to institutional objects; invest only in permitted investment modes (voluntary contributions may be held as jewellery, furniture, etc.); business income excluded unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus/assets to a like charitable organization on dissolution.