https://www.taxtmi.com/acts?id=11983 Entities and funds specified in the Seventh Schedule to the Direct Taxes Code, 2010 are exempt from income-tax, including statutory commodity and development boards, regulatory authorities, government-established corporations, approved employee welfare and pension funds, and local statutory bodies. Electoral trusts meeting distribution conditions and registered non-profit organisations for public religious or charitable purposes qualify for exemption subject to registration, application of income for public benefit, prescribed investment modes, audit requirements where receipts exceed a threshold, and prohibition on benefits to interested persons. en-us Fri, 17 Sep 2010 12:38:24 +0530 Fri, 17 Sep 2010 15:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11983 Entities and funds specified in the Seventh Schedule to the Direct Taxes Code, 2010 are exempt from income-tax, including statutory commodity and development boards, regulatory authorities, government-established corporations, approved employee welfare and pension funds, and local statutory bodies. Electoral trusts meeting distribution conditions and registered non-profit organisations for public religious or charitable purposes qualify for exemption subject to registration, application of income for public benefit, prescribed investment modes, audit requirements where receipts exceed a threshold, and prohibition on benefits to interested persons. Act-Rules Bills Fri, 17 Sep 2010 12:38:24 +0530 https://www.taxtmi.com/acts?id=11983