SECTION 10(46) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – STATUTORY BODY/AUTHORITY/BOARD/COMMISSION – NOTIFIED BODY OR AUTHORITY – MEGHALAYA STATE AIDS CONTROL SOCIETY

NOTIFICATION NO. 78/2013 [F.NO.196/76/2012-ITA.I]/SO 2914(E), DATED 25-9-2013

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 Meghalaya AIDS Control Society a body constituted by the Government of Meghalaya in respect of the following specified income arising to that Society, namely:-

“Amount received in the form of Grants-in-Aids from the Government of India”.

2. This notification shall be deemed to have been applied for the financial years 2011-12 and 2012-13 and shall be applicable for the financial years 2013-14, 2014-15 and 2015-16.

3. This notification shall be effective subject to the following conditions, namely:-

(a )
the Meghalaya State AIDS Control Society does not engage in any commercial activity;
(b )
the activities and the nature of the specified income of the Meghalaya AIDS Control Society remain unchanged throughout the financial year; and
(c )
the Meghalaya 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.

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Category : Income Tax (28363)
Type : Notifications (16079) Notifications/Circulars (32636)

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