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<h1>Bala Mandir Kamaraj Trust notified under Sec 10(23C)(iv) for tax exemption; must adhere to strict financial guidelines.</h1> The Central Government has notified the Bala Mandir Kamaraj Trust, Chennai, under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The notification stipulates that the trust must apply its income solely to its established objectives, invest funds only in approved forms, and maintain separate accounts for any incidental business income. Additionally, the trust must file regular income tax returns and, upon dissolution, transfer surplus assets to a charitable organization with similar objectives.