The Central Government notifies the 'Indian Association of Parliament Population and Development, New Delhi' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 062/2002 - Income Tax Act, 1961
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Tax exemption for a notified association conditioned on exclusive application of income, permitted investments, business incidental test, and compliance filings. Notification grants tax-exempt status to the Indian Association of Parliament Population and Development for the specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by Section 11(5) except voluntary contributions held as jewellery or furniture; exclude business income unless incidental with separate books; regularly file returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for a notified association conditioned on exclusive application of income, permitted investments, business incidental test, and compliance filings.
Notification grants tax-exempt status to the Indian Association of Parliament Population and Development for the specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by Section 11(5) except voluntary contributions held as jewellery or furniture; exclude business income unless incidental with separate books; regularly file returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.
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