https://www.taxtmi.com/notifications?id=4739 Any income received by a person on behalf of the Council for Leather Exports is not to be included in that person's total income provided the Institution applies or accumulates income exclusively for its objects (with accumulation over fifteen percent limited to five years), confines investments to modes in section 11(5), treats business income as non exempt unless incidental with separate books, files returns regularly, obtains the prescribed audit and report, and on dissolution transfers surplus to a like organization; applicability begins AY 2004 05 and may be rescinded for noncompliance. en-us Tue, 06 Feb 2007 00:00:00 +0530 Sat, 19 Jul 2008 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=4739 Any income received by a person on behalf of the Council for Leather Exports is not to be included in that person's total income provided the Institution applies or accumulates income exclusively for its objects (with accumulation over fifteen percent limited to five years), confines investments to modes in section 11(5), treats business income as non exempt unless incidental with separate books, files returns regularly, obtains the prescribed audit and report, and on dissolution transfers surplus to a like organization; applicability begins AY 2004 05 and may be rescinded for noncompliance. Notifications Income Tax Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=4739