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) percentage 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.
1. 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.
2. 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.
1. 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.
2. This notification shall be applicable for the financial years 2013-14 to 2017-18.
[F. NO. 196/21/2013-ITA.I]
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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.
1. 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.
2. This notification shall be applicable for financial years 2012-13 to 2016-17.
[F.NO.196/16/2014-ITA.I]
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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.
1. 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.
2. This notification shall be applicable for the financial years 2012-2013 to 2016-2017.
[F.NO.196/1/2013-ITA.I]
