https://www.taxtmi.com/notifications?id=6482 Notification under Section 10(23) recognises the Kodaikanal Boat and Rowing Club for income-tax exemption subject to conditions: income must be applied or accumulated solely for the club's objects; investments must follow the permitted modes except certain voluntary contributions held in tangible form; business income is excluded unless incidental and kept in separate books; returns must be regularly filed; and on dissolution surplus assets must transfer to a similarly purposed charitable organisation. en-us Mon, 26 Nov 2007 00:00:00 +0530 Mon, 21 Jul 2008 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6482 Notification under Section 10(23) recognises the Kodaikanal Boat and Rowing Club for income-tax exemption subject to conditions: income must be applied or accumulated solely for the club's objects; investments must follow the permitted modes except certain voluntary contributions held in tangible form; business income is excluded unless incidental and kept in separate books; returns must be regularly filed; and on dissolution surplus assets must transfer to a similarly purposed charitable organisation. Notifications Income Tax Mon, 26 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6482