https://www.taxtmi.com/notifications?id=4625 Notification exempts income received by any person on behalf of Sri Mookambika Temple from inclusion in that person's total income, subject to conditions: income must be applied or accumulated solely for institutional objects with accumulation beyond fifteen percent limited to five years; funds must be invested only in prescribed modes; business income is excluded unless incidental and kept in separate books; the Institution must file returns, obtain an accountant's audit and furnish the prescribed audit report, and transfer surplus assets on dissolution to a like organization; the exemption applies only to receipts on behalf of the Institution and may be rescinded for noncompliance. en-us Mon, 26 Mar 2007 00:00:00 +0530 Sat, 19 Jul 2008 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=4625 Notification exempts income received by any person on behalf of Sri Mookambika Temple from inclusion in that person's total income, subject to conditions: income must be applied or accumulated solely for institutional objects with accumulation beyond fifteen percent limited to five years; funds must be invested only in prescribed modes; business income is excluded unless incidental and kept in separate books; the Institution must file returns, obtain an accountant's audit and furnish the prescribed audit report, and transfer surplus assets on dissolution to a like organization; the exemption applies only to receipts on behalf of the Institution and may be rescinded for noncompliance. Notifications Income Tax Mon, 26 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=4625