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Income Tax Exemption under Section 10(23C) of Income Tax Act, 1961




Nature of Income

Income of following entities

Amount Exempt

Entire income


Conditions laid down for Tax Exemption u/s 10(23)

  1. The fund, trust university, hospitals, charitable organization requiring approvals shall make an application in prescribed form to prescribed authority for the grant of or continuation of exemption.

  2. Exemption shall not be available for anonymous donations referred to in section 115BC.

  3. The provisions similar to section 11, 12 or 12AA shall also apply to various institutions referred to herein.

  4. the institutions where their income exceeds the maximum amount chargeable to tax, shall get their accounts audited.



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