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Tax Exemption For Notified Charitable Societies U/S 10(23c) (Iv) And (V)n

Any income of any institution set up for the charitable purposes is exempt. For getting exemption under these clauses, the following requirement must be completed:

i. Making an application in Form No. 56
ii. Applying its income or accumulating it for application, wholly & exclusively to its objects;
iii. Notice of accumulation u/s 11(2) will have to be given to the assessing officer in Form No. 10

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