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Section 47(ix) of the Income-tax Act, 1961 notifies "Indira Gandhi National Centre for the Arts", New Delhi for the A.Y. 2005-2006 to 2008-2009
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Institution notification under section 47(ix) grants conditional tax-notified status, subject to compliance with section 13(1)(c).
Notification under section 47(ix) designates Indira Gandhi National Centre for the Arts, New Delhi, as a notified entity for the provision, subject to the condition that the provisions of section 13(1)(c) are not infringed and there is no change in the aims and objects or in the Rules and Regulations, thereby conferring conditional tax-notified status contingent on compliance with charitable-purpose limitations and stability of constitutive instruments.
Section 43(5)(ii) of the Income-tax Act, 1961 notifies NSE and BSE, Mumbai as recognised Stock Exchange
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Recognition of stock exchanges enables derivative trades on specified exchanges to be treated as non-speculative under tax rules.
Notification designates the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited as recognised stock exchanges under the Explanation to clause (d) of the proviso to section 43(5) of the Income-tax Act, 1961, so that eligible transactions in derivatives carried out on these exchanges shall not be treated as speculative from the date of notification; recognition is subject to conditions in the Income-tax Rules and may be withdrawn if those conditions are violated.
For the purpose of Section 35(1)(ii) - organization M/s. BAIF Development Research Foundation, Urulikanchan, Tal. Haveli, Dist. Pune has been approved
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Research donation deduction: approval requires separate research accounts and audited auditor certification for donor eligibility.
Approval is granted to M/s. BAIF Development Research Foundation as an institution partly engaged in research under clause (ii) of sub section (1) of section 35, subject to maintaining separate accounts for research activities and submitting audited Income & Expenditure accounts to the tax authority within prescribed timelines, accompanied by an auditor's certificate identifying donor eligible research receipts and certifying that expenditures were for social science/statistical research.

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Acts Income Tax