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of <h1>Sri Ramanasramam Recognized Under Section 10(23C)(v) for 2002-2005: Income Usage and Investment Guidelines Outlined</h1> The Central Government has notified 'Sri Ramanasramam, Truvannamalai, Tamil Nadu' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, for the assessment years 2002-2003 to 2004-2005. The notification requires that the entity apply its income solely to its established objectives, restricts investment of funds to specified forms, and mandates that any business income must be incidental to its objectives with separate accounting. The entity must file regular income tax returns, and in case of dissolution, any surplus must be transferred to a similar charitable organization.
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