MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 18th June, 2015
S.O. 1634(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, “Punjab State AIDS Control Society”, a body constituted by the Government of Punjab, in respect of the following specified income arising to that body, namely:—
(a) amount received in form of grants-in-aid from the Government of India; and
(b) interest earned on grants-in-aid from the Government of India.
2. This notification shall be deemed to have been applied for the financial years 2011-12, 2012-13, 2013-14, 2014-15 and 2015-16.
3. This notification shall be effective subject to the conditions, namely, that the Punjab State AIDS Control Society:-
(a) does not engage in any commercial activity;
(b) its activities and the nature of the specified income remain unchanged throughout the financial years; and (c) it 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.
DEEPSHIKHA SHARMA, Director