The Central Government notifies the 'Veda Rakshana Nidhi Trust, Chennai' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 023/2002 - Income Tax Act, 1961

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Tax exemption recognition: Trust notified subject to exclusive application of income, specified investments, business limits and dissolution rules. Notification recognizes Veda Rakshana Nidhi Trust as eligible under clause (23C)(iv) of section 10 subject to conditions: apply or accumulate income wholly and exclusively to objects; invest or deposit funds only in modes specified in section 11(5) (except specified retained voluntary contributions); exclude business profits unless incidental with separate books; regularly file returns; and transfer surplus and assets on dissolution to a charitable organisation with similar objectives.

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Tax exemption recognition: Trust notified subject to exclusive application of income, specified investments, business limits and dissolution rules.

Notification recognizes Veda Rakshana Nidhi Trust as eligible under clause (23C)(iv) of section 10 subject to conditions: apply or accumulate income wholly and exclusively to objects; invest or deposit funds only in modes specified in section 11(5) (except specified retained voluntary contributions); exclude business profits unless incidental with separate books; regularly file returns; and transfer surplus and assets on dissolution to a charitable organisation with similar objectives.

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The Central Government notifies the 'Veda Rakshana Nidhi Trust, Chennai' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 023/2002 - Income Tax Act, 1961

Tax exemption recognition: Trust notified subject to exclusive application of income, specified investments, business limits and dissolution rules.

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The Central Government notifies the 'Veda Rakshana Nidhi Trust, Chennai' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 023/2002 - Income Tax Act, 1961

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Tax exemption recognition: Trust notified subject to exclusive application of income, specified investments, business limits and dissolution rules.

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