MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 10th January, 2014
S.O.78 (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 Orissa State AIDS Control Society, a body constituted by the Government of Orissa in respect of the following specified income arising to that Society, namely:—
(a) amount received in the form of grants-in-aid from the Central Government;
(b) interest earned on grants-in-aid.
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. The notification shall be effective subject to the following conditions, namely:—
(a) the Orissa State AIDS Control Society does not engage in any commercial activity;
(b) the activities and the nature of the specified income of the Orissa State AIDS Control Society remain unchanged throughout the financial year; and
(c) the Orissa 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 received by the said Society shall be received and applied in accordance with the prevailing rules and regulations.
[Notification No. 04 /2014 /F.No.196/80/2012-ITA.I]
DEEPSHIKHA SHARMA, Dy. Secy.
