https://www.taxtmi.com/notifications?id=5044 Income received by any person on behalf of Association of Tribal Welfare Development, Naharbari, Dimapur, Nagaland is exempt under Section 10(23C)(iv) for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for institutional objects with any excess accumulation over 15% limited to five years; funds must be invested only in forms specified in section 11(5) (except certain voluntary contributions); business income is taxable unless incidental and separately accounted; the Institution must file returns regularly; and on dissolution surplus assets must transfer to a like-minded organisation. en-us Mon, 24 Jul 2006 00:00:00 +0530 Tue, 22 Jul 2008 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5044 Income received by any person on behalf of Association of Tribal Welfare Development, Naharbari, Dimapur, Nagaland is exempt under Section 10(23C)(iv) for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for institutional objects with any excess accumulation over 15% limited to five years; funds must be invested only in forms specified in section 11(5) (except certain voluntary contributions); business income is taxable unless incidental and separately accounted; the Institution must file returns regularly; and on dissolution surplus assets must transfer to a like-minded organisation. Notifications Income Tax Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5044