10 23c iv 2026

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  1. Click ‘Get Form’ to open the 10 23c iv document in the editor.
  2. Begin by reviewing the introductory section, which outlines the purpose of the form and its relevance to charitable or religious trusts. This will help you understand the context of your application.
  3. Fill in your organization’s details in the designated fields, including name, address, and registration number. Ensure accuracy as this information is crucial for processing.
  4. In the section regarding approvals under Section 10(23C)(iv), indicate whether your organization has received prior approvals and provide relevant dates. This helps clarify your status.
  5. Review any additional requirements specified in the form, such as documentation needed to support your application. Attach these documents using our platform's upload feature.
  6. Once all fields are completed, double-check for any errors or omissions. Utilize our platform’s editing tools to make necessary adjustments easily.
  7. Finally, sign the document electronically using our platform’s signature feature before submitting it for review.

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Section 10(23C)(iv) in The Income Tax Act, 1961 (iv)any other fund or institution established for charitable purposes which may be approved by the [Principal Commissioner or Commissioner], having regard to the objects of the fund or institution and its importance throughout India or throughout any State or States; or.
Sub-clauses (iv), (v), (vi) and (via) of clause (23C) of said section provide exemption to the income received by any person on behalf of any fund or trust or institution or university or other educational institutions or hospital or other institutions which may be approved by a prescribed authority.
The amendment allows taxpayers to claim benefits for up to two houses instead of one in sub-section (4), with corresponding changes in clauses (a) and (b) to include two houses and other than the house or houses. Additionally, sub-section (5) extends the period from one year to two years.
Section 10 includes a variety of exemptions, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA), and other allowances, which are available to reduce taxable income. It is essential to identify these exemptions before filing your Income Tax Return (ITR).
Section 11 is a general provision applicable to all charitable institutions, Sec 10(23C) is a specific exemption provision applicable to certain Government and Non-Government educational institutions.

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Section 10(23FC) Exemption to Business Trust The following income earned by the business trust shall be exempted from tax in the hands of the business trust: Interest from the SPV or. Dividend from the SPV.
10(23C) An educational institution existing solely for educational purposes and not for purposes of profit and which is wholly or substantially financed by the Government was exempt from levy of tax.

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