The Central Government notified 'Ramakrishna Math. West Bengal' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 112/2002 - Income Tax
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Tax-exempt notification requires applying income to charitable objects, restricted investments, separate business accounts, and return filing compliance. Notification grants tax-exempt status to Ramakrishna Math, West Bengal subject to conditions: apply or accumulate income wholly and exclusively for its objects; restrict investments or deposits to forms permitted under the Income-tax law; exclude business profits unless incidental and maintained in separate books; regularly file income-tax returns; and on dissolution transfer surplus 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-exempt notification requires applying income to charitable objects, restricted investments, separate business accounts, and return filing compliance.
Notification grants tax-exempt status to Ramakrishna Math, West Bengal subject to conditions: apply or accumulate income wholly and exclusively for its objects; restrict investments or deposits to forms permitted under the Income-tax law; exclude business profits unless incidental and maintained in separate books; regularly file income-tax returns; and on dissolution transfer surplus assets to a charitable organization with similar objectives.
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