(Department of Revenue)
Notification No. 33/2017
New Delhi, the 28th April, 2017

S.O. 1361(E).—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 National Skill Development Agency, a body constituted by the Central Government in respect of the following specified income arising to that body, as follows:-

i) grant-in-aid from Government of India; and

ii) interest earned on grant-in-aid from Government of India.

2. This notification shall be effective subject to the conditions that National Skill Development Agency, –

(a) shall not engage in any commercial activity;

(b) activities and the nature of the specified income remain unchanged throughout the financial years; and

(c) shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income Tax Act, 1961.

3. This notification shall deemed to have been applied for the financial years 2014-2015, 2015-2016, 2016-2017 and
shall be applicable for the financial years 2017- 2018 and 2018- 2019.

[Notification No. 33/2017/F.No. 196/15/2015-ITA-I]



Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.

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