https://www.taxtmi.com/notifications?id=5102 Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the National Highways Authority of India for assessment years 2002-03 to 2004-05, subject to conditions: the Institution must apply or accumulate income exclusively for its objects with a cap on accumulations exceeding fifteen percent and a five-year maximum retention; investments must be limited to modes specified in section 11(5); business receipts are excluded unless incidental and separately maintained; returns must be regularly filed; and on dissolution surplus assets must transfer to a like organization. The exemption applies only to recipients and not to the Institution's own taxability. en-us Tue, 12 Sep 2006 00:00:00 +0530 Tue, 22 Jul 2008 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5102 Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the National Highways Authority of India for assessment years 2002-03 to 2004-05, subject to conditions: the Institution must apply or accumulate income exclusively for its objects with a cap on accumulations exceeding fifteen percent and a five-year maximum retention; investments must be limited to modes specified in section 11(5); business receipts are excluded unless incidental and separately maintained; returns must be regularly filed; and on dissolution surplus assets must transfer to a like organization. The exemption applies only to recipients and not to the Institution's own taxability. Notifications Income Tax Tue, 12 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5102