Central Government hereby notifies for exemption U/s. 10(46)  ‘Rajasthan State Open School Society’, Jaipur, a body constituted by the Government of Gujarat vide Notification No. 90/2018 Dated : 28th December, 2018.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 90/2018
New Delhi, the 28th December, 2018

S.O. 6355(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, ‘Rajasthan State Open School Society’, Jaipur, a society constituted by the State Government of Rajasthan, in respect of the following specified income arising to that Society, namely:-

(a) Admission fees of students, Exam fees and Duplicate Marks Sheet fees; and

(b) Interest earned on (a) above.

2. This notification shall be effective subject to the conditions that Rajasthan State Open School Society, Jaipur-

(a) shall not engage in any commercial activity;

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

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

3. This notification shall be deemed to have been applied for the assessment years 2016-2017, 2017-2018 and 2018-2019 and shall apply with respect to the assessment years 2019-2020 and 2020-2021.

[Notification No. 90/2018/F. No. 300196/60/2018-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.

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

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