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”.Online GST Certification Course by TaxGuru & MSME- Click here to Join
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.