Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
NOTIFICATION No. 29/2015
New Delhi, Dated- 24th March, 2015
S.O. (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 Maharashtra State AIDS Control Society a body constituted by the Government of Maharashtra in respect of the following specified income arising to that Society, namely:-
“Amount received in the form of grants-in-aid from the Central Government”.Online GST Certification Course by TaxGuru & MSME- Click here to Join
2. This notification shall be deemed to have been applied for the financial years 2011-2012, 2012-2013 and 2013-2014 and shall be applicable for the financial Years 20142015 and 2015-2016.
3. This notification shall be effective subject to the following conditions, namely:-
(a) the Maharashtra State AIDS Control Society does not engage in any commercial activity;
(b) the activities and the nature of the specified income of the Maharashtra State AIDS Control Society remain unchanged throughout the financial years; and
(c) the Maharashtra State AIDS Control Society files return of income in accordance with the provisions of clause (g) of sub-section (4C) of 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.
[Notification No. 29/2015 F.No.196/74/2012-ITA.I]
Director to the Government of India