https://www.taxtmi.com/notifications?id=5056 Exemption under Section 10 (23C)(v) disallows inclusion in a recipient's total income of any income received by any person on behalf of The Malankara Orthodox Syrian Church for the assessment years 2005-06 to 2007-08, subject to conditions: income must be applied or properly accumulated for institutional objects with accumulation beyond fifteen per cent limited to five years; permitted modes of investment per section 11(5) must be followed; business profits are excluded unless incidental and separately accounted; regular filing of returns is required; and on dissolution surplus assets must go to a like minded organization. The notification applies only to recipients' receipts on behalf of the Institution; the Institution's own tax position is considered separately. en-us Fri, 28 Jul 2006 00:00:00 +0530 Tue, 22 Jul 2008 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5056 Exemption under Section 10 (23C)(v) disallows inclusion in a recipient's total income of any income received by any person on behalf of The Malankara Orthodox Syrian Church for the assessment years 2005-06 to 2007-08, subject to conditions: income must be applied or properly accumulated for institutional objects with accumulation beyond fifteen per cent limited to five years; permitted modes of investment per section 11(5) must be followed; business profits are excluded unless incidental and separately accounted; regular filing of returns is required; and on dissolution surplus assets must go to a like minded organization. The notification applies only to recipients' receipts on behalf of the Institution; the Institution's own tax position is considered separately. Notifications Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5056