NOTIFICATION NO. 66/2013, DATED 29-8-2013
S.O. 2642(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 Karnataka State AIDS Prevention Society a body constituted by the Government of Karnataka in respect of the following specified income arising to that Society, namely:—
“Amount received in the form of grants-in-aid from the Government of India and State Government”
2. This notification shall be deemed to have been applied for the financial years 2011-2012 and 2012-2013 and shall be applicable for the financial years 2013-2014, 2014-2015 and 2015-2016.
3. This notification shall be effective subject to the following conditions, namely:—
(a) the Karnataka State AIDS Prevention Society does not engage in any commercial activity;
(b) the activities and the nature of the specified income of the Karnataka State AIDS Prevention Society remain unchanged throughout the financial year; and
(c) the Karnataka State AIDS Prevention Society files return of income in accordance with the provisions of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.
4. The grants received by the said Society shall be received and applied in accordance with the prevailing rules and regulations.