Central Government has issued a notification (S.O.3048) granting tax exemption status to The Divine Life Society under Section 10(23C)(iv) of the Income-tax Act, 1961. This approval applies to income generated by the society during the assessment years 1983-84 to 1985-86. Under the specified section, organizations recognized for their charitable work are exempt from income tax on eligible income. This exemption reflects the government’s endorsement of The Divine Life Society’s activities within the scope of qualifying non-profit objectives. By granting this status, the society benefits from tax-free operations, encouraging its charitable and religious initiatives. This notification was issued on July 18, 1983, and aligns with Section 10 provisions aimed at supporting charitable institutions in India.
Notification: S.O.3048
Section(s) Referred: 10 ,10(23C) ,10(23C)(iv)
Statute: INCOME TAX
Date of Issue: 18/7/1983
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Divine Life Society, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86.
[No. 5315/F. No. 197/74/83–IT(AI)]
