An institution constituted as Society or public charitable trust
Nature of Income
Conditions laid down for Tax Exemption
The institution is established for Khadi and Village industries
The same is approved by Commissioner of Khadi and Village Industries Commission, who may grant approval for any period not exceeding three years
The institution shall apply or accumulate its income solely for development of Khadi and Village industries.
The Commissioner may after giving opportunity to such institution, withdraw the approval if he finds that such institution does not adhere to the specified conditions.