[To be published in the Gazette of India, Extraordinary, Part-If, Section 3, Sub-section (ii)]
Government of India
Ministry of Finance
Department of Revenue
Centra113oard of Direct Taxes
New Delhi, the 13/ Aug/1st. 2015.
Si)………….. (E). – In exercise of the powers conferred by clause (46) of section 10 of the income-tax Act, 1961 (43 of 1962), tic Central Government hereby notifies for the purposes of the said clause, “Karnataka State Rural Livelihood Promotion Society”, body constituted by the Government of Karnataka in respect of the following specified income arising to the said body, namely:-
(a) amount received in the form of grants from the Government of India;
(b) amount received in the fonn of grants from the Government of Karnataka: and
(c) Interest earned on bank deposits,
(a) Shall not engage in any commercial activity;
(b) Its ;activities and the nature of the specified income remain unchanged throughout the financial years; and
(c) Files return of income in accordance with the provision of douse (g). of subsection (4C) of section i 39 of the Income-tax Act, j 961.
[EN 96.1 212014-1TA-11
Director to the Government of India
Government of India Press,