https://www.taxtmi.com/article/detailed?id=10775 Charitable institutions seeking income tax exemption must exist solely for educational purposes and not for profit; business income is taxable unless incidental to the institution's objects and separately accounted for. The tax authority may examine audited accounts, the memorandum, rules or constitution to assess genuineness, and institutions must comply with mandatory state or local charity registration requirements where applicable to aid verification. en-us Sat, 29 Oct 2022 09:59:10 +0530 Sat, 29 Oct 2022 09:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10775 Charitable institutions seeking income tax exemption must exist solely for educational purposes and not for profit; business income is taxable unless incidental to the institution's objects and separately accounted for. The tax authority may examine audited accounts, the memorandum, rules or constitution to assess genuineness, and institutions must comply with mandatory state or local charity registration requirements where applicable to aid verification. Articles Income Tax Sat, 29 Oct 2022 09:59:10 +0530 https://www.taxtmi.com/article/detailed?id=10775