CBDT vide
Notifications dated-20-1-2015 specified following entities for exemption
under section 10(46) of Income Tax Act,1961
Notification No. 5/2015 - Dated
20-1-2015- Tamil Nadu Water Supply and Drainage Board
Notification No. 6/2015 - Dated
20-1-2015- Gujarat State Council for Blood Transfusion
Notification No. 7/2015- Dated
20-1-2015- Karnataka Livestock Development Agency
Notification No. 8/2015 - Dated
20-1-2015- National Council of Science Museums
Related Notifications are as follows-
NOTIFICATION
NO. 05/2015
INCOME-TAX
In exercise of the powers conferred
by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961)
the Central Government hereby notifies for the purposes of the said clause, the
‘Tamil Nadu Water Supply and Drainage Board ‘, a Board constituted under the
Tamil Nadu Water Supply and Drainage Board Act, 1970 (Tamil Nadu Act No. 4 of
1971) in respect of the following specified income arising to that body,
namely:—
(a)
centage at rates prescribed by the Government of Tamil Nadu;
(b)
water charges (at Water Tariff fixed by the Government of Tamil Nadu) collection
from local bodies for bulk water supply;
(c)
interest on bank deposits and investments, rent and deposits received
from local bodies.
- This notification shall be subject to the conditions
that Tamil Nadu Water Supply and Drainage Board:—
(a)
shall not engage in any commercial activity;
(b)
its activities and the nature of the specified income remain unchanged
throughout the financial year(s), and
(c)
shall file return of income in accordance with the provision of clause (g)
of sub-section (4C) of section 139 of the said Act.
- This notification shall be applicable for the Financial
years 2013-14 to 2017-18.
[F.NO.196/28/2013-ITA.I]
INCOME-TAX
NOTIFICATION NO. 06/2015
Dated-20th
January , 2015
In exercise of the powers conferred
by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the
Central Government hereby notifies for the purposes of the said clause, the
‘Gujarat State Council for Blood Transfusion’, a trust constituted by the
Government of Gujarat, in respect of the following specified income arising to
the said trust, namely :-
(a) grants from
Government of Gujarat and the Government of India;
(b) donations; and
(c) income arising or by
way of interest.
- The Notification shall be effective subject to the
conditions that Gujarat State Council for Blood Transfusion:-
(a) the trust does not
engage in commercial activity;
(b) the activities of
the trust and the nature of the specified income derived remain unchanged
throughout the financial years ; and
(c) the trust files
return of income in accordance with the provision of clause (g) of sub-section
(4C) of section 139 of the said Act.
- This notification shall be applicable for the financial
years 2013-14 to 2017-18.
[F.
NO. 196/21/2013-ITA.I]
NOTIFICATION
NO. 07/2015
INCOME-TAX
Dated-20th
January , 2015
In exercise of the powers conferred
by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the
Central Government hereby notifies for the purposes of the said clause, the
‘Karnataka Livestock Development Agency’, a body constituted by the Government
of Karnataka, in respect of the following specified income arising to the said
body, as follows:-
(a) amount received in
the form of grants-in-aid from Government of India; and
(b) income arising out
or derived from interest on grants-in-aid.
- The notification shall be subject to the conditions
that:-
(a) the body does not
engage in any commercial activity;
(b) its activities and
the nature of the specified income remain unchanged throughout the financial
years; and
(c) it files return of income
in accordance with the provision of clause (g) of sub-section (4C) section 139
of the said Act.
- This notification shall be applicable for financial
years 2012-13 to 2016-17.
[F.NO.196/16/2014-ITA.I]
NOTIFICATION
NO. 08/2015
INCOME-TAX
Dated:
20th January , 2015
In exercise of the powers conferred
by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the
Central Government hereby notifies for the purposes of the said clause,
“National Council of Science Museums” an autonomous body under the Ministry of
Culture, Government of India, in respect of the following specified income
arising to the Council, namely:-
(a) amount received in
the form of grants-in-aid and subsidies from Government of India;
(b) fees or subscription
by sale of tickets;
(c) charges for
maintenance recovered for use of auditorium and other public facilities for
scientific and educational purposes; and
(d) income arising or
derived by way of interest received from investment.
- The notification shall be subject to the following
conditions, that National Council of Science Museums-
(a) shall not engage in
any commercial activity;
(b) its activities and
the nature of the specified income remain unchanged throughout the financial
years; and
(c) it files return of
income in accordance with the provision of clause (g) of sub-section (4C)
section 139 of the said Act.
- This notification shall be applicable for the financial
years 2012-2013 to 2016-2017.
[F.NO.196/1/2013-ITA.I]