Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Government Grants Tax Exemption to Church of North India Trust for 1998-2001 Under Section 10(23C)(v)</h1> The Central Government has notified 'The Church of North India Trust Association, New Delhi' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, for assessment years 1998-1999 to 2000-2001. The notification stipulates that the association must apply its income exclusively for its established objectives, invest funds in specified forms, and maintain separate accounts for any business activities. It must also file regular income tax returns and, in the event of dissolution, transfer surplus assets to a similar charitable organization. This notification excludes income from non-incidental business activities.