SECTION 10(46) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – STATUTORY BODY/AUTHORITY/BOARD/COMMISSION – NOTIFIED BODY OR AUTHORITY – ASSAM STATE AIDS CONTROL SOCIETY
NOTIFICATION NO. 27/2013 [F.NO.196/55/2012-ITA.I], DATED 30-3-2013
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 ‘Assam State AIDS Control Society’, a body created by way of notification in this regard by the Government of Assam, in respect of the following specified income arising to the said Society, namely:-
“amount received in the form of grants-in-aid from the Central Government and other international development agencies such as World Bank, UNAID (Joint United Nations Programme on HIV/AIDS), USAID (United States Agency for International Development), GFATM (Global Fund to fight AIDS, Tuberculosis and Malaria) through the Government of India”.
2. This Notification shall be deemed to have been apply for the Financial Year 2011-2012 and shall apply with respect to the Financial Years 2012-2013, 2013-2014, 2014-2015 and 2015-2016.
3. The notification shall be effective subject to the following conditions, namely:-
(a) the ‘Assam State AIDS Control Society’ does not engage in any commercial activity;
(b) the activities and the nature of the specified income of the ‘Assam State AIDS Control Society’ remain unchanged throughout the financial year; and
(c) the ‘Assam State AIDS Control Society’ files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.
4. The grants from various international development agencies shall be received and applied in accordance with the prevailing rules and regulations.