Vide Notification No. 103/2021-Income Tax | Dated: 10th September, 2021 CBDT notifies Tax Exemption to ‘District Mineral Foundation Trust’ .

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi

Notification No. 103/2021-Income Tax | Dated: 10th September, 2021

S.O. 3659(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, ‘District Mineral Foundation Trust’ as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a ‘class of Authority’, in respect of the following specified income arising to that Authority, namely :-

(a) Contribution by lease Holder to DMF as per the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015;

(b) Interest received from lease holders for late payment;

(c) Any Penalty charged to lease holder;

(d) Income from Interest on fund available under DMF;

(e) Interest received on Saving Bank Accounts; and

(f) Interest received on Excess Fund invested in Term Deposit.

2. This notification shall be effective subject to the conditions that each of the District Mineral Foundation Trust-

(a) shall not engage in any commercial activity;

(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and

(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

(d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

3. his notification shall be deemed to have been applied for the financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021 and shall apply with respect to the financial year 2021-2022 in respect of Trusts mentioned in column (2) of the below mentioned schedule.

SCHEDULE

S.No.

(1)

Name of DMF Trust

(2)

State

(3)

PAN

(4)

1. District Mineral Foundation Trust, Balasore Odisha AAAGD2762F
2. District Mineral Foundation Trust, Bhadrak Odisha AAAGD2771A
3. District Mineral Foundation Trust, Boudh Odisha AADTD5623R
4. District Mineral Foundation Trust, Malkangiri Odisha AADTD5248G
5. District Mineral Foundation Trust, Sambalpur Odisha AADTD5287H
6. District Mineral Foundation Trust, Dhenkanal Odisha AADTD5665R
7. District Mineral Foundation Trust, Gajapati Odisha AADTG6485G
8. District Mineral Foundation Trust, Ganjam Odisha AADTD5746R
9. District Mineral Foundation Trust, Kendrapara Odisha AAETK2528F
0. District Mineral Foundation Trust, Mayurbhanj Odisha AAGTM8219H
1. District Mineral Foundation Trust, Nawrangpur Odisha AADTD5586F
2. District Mineral Foundation Trust, Nayagarh Odisha AADTN4597N
3. District Mineral Foundation Trust, Rayagada Odisha AADTD5522D
14. District Mineral Foundation Trust, Subarnapur Odisha ABATS0135K
15. District Mineral Foundation, Cuttack Odisha AADTD5638G
16. District Mineral Foundation Trust, (DMFT), Jagatsinghpur Odisha AADTJ7098N
17. District Mineral Foundation, Kandhamal Odisha AADTD6158R
18. District Mineral Foundation Trust, Khurda Odisha AAETK3056A
19. District Mineral Foundation Trust, Nuapada Odisha AADTD6189J
20. District Mineral Foundation Trust, Puri Odisha AADTD6294Q
21. District Mineral Foundation, Deogarh Odisha AADTD6705A
22. District Mineral Foundation Trust, Kalahandi Odisha AADTD7226N
23. Srikakulam District Mineral Foundation Trust Andhra Pradesh AAZTS8399D
24. District Mineral Foundation Trust, Visakhapatnam Andhra Pradesh AADTD5567A
25. District Mineral Foundation Trust, East Godavari Andhra Pradesh AADTD5558P
26. Guntur District Mineral Foundation Trust Andhra Pradesh AADTG6152G
27. Prakasam District Mineral Foundation Trust Andhra Pradesh AAETP4057C
28. SPSR Nellore District Mineral Foundation Trust Andhra Pradesh AAZTS8057N
29. District Mineral Foundation Trust, Chittoor Andhra Pradesh AADTD5554B
30. YSR District Mineral Foundation Trust Andhra Pradesh AAATY7710R
31. District Mineral Foundation Trust, West Godavari Andhra Pradesh AAAGD2769Q
32. District Mineral Foundation Trust, Ananthapuram Andhra Pradesh AADTD5501E
33. Vizianagaram District Mineral Foundation Trust Andhra Pradesh AADTV3321J
34. District Mineral Foundation Trust Krishna Andhra Pradesh AADTD5632N
35. Kurnool District Mineral Foundation Trust Andhra Pradesh AAETK2399E
36. District Mineral Fund, Gariyabandh Chhattisgarh AAATD1574F
37. Dhamtari District Mineral Foundation Trust Fund Chhattisgarh AADTD5636J
38. Jila Khanij Sansthan Nyas Mahasamund Chhattisgarh AADTJ6253F
39. DMF Rajandgaon Chhattisgarh AAETR0654B
40. District Mineral Foundation Trust Bemetara Chhattisgarh AADTD5628E
41. District Mineral Foundation Trust, Kanker Chhattisgarh AAGAJ4747A
42. District Mineral Foundation Trust, Bijapur Chhattisgarh AAFAD8069E
43. Korba District Mineral Foundation Trust Chhattisgarh AAETK2370B
44. Jashpur District Mineral Foundation Trust Chhattisgarh AADTD6273B
45. District Mineral Foundation- Patan Gujarat AADTD6482C
46. District Mineral Foundation Trust, Godda Jharkhand AADTD5510H
47. District Mineral Foundation Trust, Pakur Jharkhand AADTD5529J
48. Ramgarh Zila Khanij Foundation Trust Jharkhand AAETR0701P
49. District Mineral Foundation Trust, Chatra Jharkhand AADTD5799A
50. Deoghar Zila Khanij Foundation Trust Jharkhand AAAGD2838Q
51. District Mineral Foundation Trust, Ranchi Jharkhand AADTD5593Q
52. District Mineral Foundation Trust, Latehar Jharkhand AABTL9769J
53. District Mineral Foundation Trust, Giridih Jharkhand AADTD5763A
54. District Mineral Foundation Trust, Khunti Jharkhand AADTD5545J
55. District Mineral Foundation Trust, Simdega Jharkhand AAZTS9605C
56. District Mineral Foundation Trust, Jamtara Jharkhand AADTD5888L
57. District Mineral Foundation Trust, Sahibganj Jharkhand AADTD5835H
58. District Mineral Foundation Trust, Billari Karnataka AAETB0767D
59. District Mineral Foundation Trust, Mandya Karnataka AAAGD2786F
60. District Mineral Foundation Trust, Bidar Karnataka AAETB0739K
61. District Mineral Foundation Trust, Chamarajanagar Karnataka AACTC6993N
62. O/o the Senior Geologist, Dept. of Mines and Geology, Gadag Karnataka AADTG6141P
63. District Mineral Foundation Trust, Haveri Karnataka AACTH2495J
64. District Mineral Foundation Trust, Udupi Karnataka AABAU8026E
65. District Mineral Foundation Trust, Uttar Kannada Karnataka AABTU0406D
66. District Mineral Foundation Trust, Hassan Karnataka AADTD5835H
67. District Mineral Foundation Trust, Mysuru Karnataka AAGTM8545C
68. District Mineral Foundation Trust, Bijapur Karnataka AADTD5808N
69. District Mineral Foundation Trust, Kolar Karnataka AAGK1131K
70. District Mineral Foundation Trust, Damoh Madhya Pradesh AAALD3040P
71. DMF Singrauli Madhya Pradesh AADTD5609B
72. DMF Balaghat Madhya Pradesh AAAGD2836A
73. DMF, Chhindwara Madhya Pradesh AAAGD2844N
74. DMF, Rewa Madhya Pradesh AADTD5846L
75. Satna Jila Khanij Pratishthan Madhya Pradesh AAAGS7367F
76. DMF, Shahdol Madhya Pradesh AAAGS7108C
77. Jila Khanij Pratishthan, Narsinghpur Madhya Pradesh AADTJ6429R
78. Anuppur District Mineral Establishment Madhya Pradesh AAHTA9656M
79. DMF CEO Zila Panchayat Madhya Pradesh AAAGD2818L
80. DMF Chhatarpur Madhya Pradesh AADTD5639H
81. DMF Dhar Madhya Pradesh AAAGD2819M
82. Sidhi Jila Khanij Pratishthan Madhya Pradesh AAAGS7606H
83. District Mineral Foundation, Mumbai (Sub) Maharashtra AADTD5513E
84. Jalgaon Jilha Khanij Pratishthan Maharashtra AADTJ6217D
85. Zilla Khanij Pratishthan, Solapur Maharashtra AAATZ2473L
86. District Mineral Foundation, Parbhani Maharashtra AADTD5495R
87. Zila Khanij Pratishthan, Osmanabad Maharashtra AAATZ2478B
88. District Mineral Foundation, Amravati Maharashtra AADTD5543Q
89. District Mineral Foundation, Wardha Maharashtra AADTD5497P
90. District Mineral Foundation Trust, Palghar Maharashtra AADTD5796R
91. District Mineral Foundation Trust, Raigad Maharashtra AAAGD2783A
92. District Mineral Foundation Trust, Sindhudurg Maharashtra AAAGS7175M
93. District Mineral Foundation Trust, Dhule Maharashtra AADTD5874E
94. District Mineral Foundation Trust, Ahmadnagar Maharashtra AADTD5748B
95. District Mineral Foundation Trust, Pune Maharashtra AAATZ2552J
96. District Mineral Foundation Trust, Kolhapur Maharashtra AADTD5767E
97. District Mineral Foundation Trust, Aurangabad Maharashtra AAATZ2546E
98. District Mineral Foundation Trust, Washim Maharashtra AAAGD2796M
99. District Mineral Foundation Trust, Yavatmal Maharashtra AAAGD2766B
100. District Mineral Foundation Trust, Chandrapur Maharashtra AAATZ2482K
101. District Mineral Foundation Trust, Hingoli Maharashtra AAAGD2781C
102. District Mineral Foundation Trust, Jalna Maharashtra AAAGD2776H
103. Jhunjhunu DMFT Rajasthan AADTJ6242N
104. Dausa DMFT Rajasthan AAAGD2805F
105. Sirohi DMFT Rajasthan AAZTS8691L
106. Jalore DMFT Rajasthan AAAGD2765C
107. Sriganganagar DMFT Rajasthan AAAGG5500L
108. Churu DMFT Rajasthan AADTD5485B
109. Bundi DMFT Rajasthan AADTD5468J
110. Jhalawar DMFT Rajasthan AADTD5473F
111. Baran DMFT Rajasthan AADTD5472E
112. Udaipur DMFT Rajasthan AABTU0416B
113. Banswara DMFT Rajasthan AADTD5463D
114. Dungarpur DMFT Rajasthan AAAGD2802C
115. Pratapgarh DMFT Rajasthan AAETP4282H
116. Ajmer DMFT Rajasthan AAHTA9269J
117. Hanumangarh DMFT Rajasthan AAAGH0936H
118. Jaipur DMFT Rajasthan AADTD5484A
119. Sikar DMFT Rajasthan AAZTS8632H
120. Tonk DMFT Rajasthan AADTT8643F
121. Barmer DMFT Rajasthan AAAGB1070L
122. Kota DMFT Rajasthan AAETK3179J
123. Bhilwara DMFT Rajasthan AAETB1366Q
124. Chittorgarh DMFT Rajasthan AACTC7245H
125. Dholpur DMFT Rajasthan AAALD3180A
126. Rajsamand DMFT Rajasthan AAETR1278D
127. District Mineral Foundation Trust, Vellore Tamil Nadu AADTV2703N
128. Kancheepuram District Mineral Foundation Trust Tamil Nadu AAETK2413R
129. District Mineral Foundation Trust, Thiruvannamalai Tamil Nadu AADTT8173C
130. Assistant Director, Dept. of Geology and Mining, Collector Office, Sivaganga Tamil Nadu AAZTS8212P
131. District Mineral Foundation Trust, Hyderabad Telangana AADTD5496N
132. District Mineral Foundation Trust, Nagarkurnool Telangana AAAGD2767A
133. District Mineral Foundation Trust, Mulugu Telangana AAAGD2822G
134. District Mineral Foundation Trust, Mahabubnagar Telangana AADTD6334R
135. Department of Mines & Geology, Hyderabad District Telangana AAAGD2228Q
136. Zila Khanij Foundation Nyash Haridwar Uttarakhand AAATZ2519B
137. District Mineral Foundation Trust Tehri Uttarakhand AADTD5574F
138. District Mineral Foundation Trust, Uttarkashi Uttarakhand AADTD5573C
139. Zila Khanij Foundaton Nyash Chamoli Uttarakhand AAATZ2510J
140. Zila Khanij Foundation Nyash Rudrayaprag Uttarakhand AAATZ2509D
141. District Mineral Foundation Turst (DMFT) Nainital Uttarakhand AADTD5650J
142. District Mineral Foundation Trust        (DMFT) Udhamsingh Nagar Uttarakhand AAFAD9084K
143. Zila Khanij Foundation Nyash Champawat Uttarakhand AABTU0448F
144. Zila Khanij Foundation Nyash Pithoragarh Uttarakhand AABTU0449E
145. District Mineral Foundation Trust Saharanpur Uttar Pradesh AADTD6422A
146. Zila Khanij Foundation Nyas Kheri Uttar Pradesh AAAGJ0491D
147. Jila Khanij Foundation Nyas Sitapur Uttar Pradesh AAAGJ0495H
148. Jila Khanij Foundation Nyas Shamli Uttar Pradesh AAAGJ0498L
149. Jila Khanij Foundation Nyas Moradabad Uttar Pradesh AAAGZ2914H
150. Jila Khanij Foundation Nyas Ghazipur Uttar Pradesh AAAGZ2913A
151. Jalaun District Mineral Foundation Trust Uttar Pradesh AADTJ7285K
152. Kannauj Khanij Foundation Trust Uttar Pradesh AAAGK0499L
153. District Mineral Foundation Trust Balrampur Uttar Pradesh AADTD6269K
154. Zila Khanij Foundation Nyas Gonda Uttar Pradesh AAATZ2533R
155. District Mineral Foundation Trust Faizabad Uttar Pradesh AADTD6268J
156. District Mineral Foundation Trust Basti Uttar Pradesh AADTD6267H
157. Zila Khanij Foundation Nyas Azamgarh Uttar Pradesh AAAAZ3496L
158. Zila Khanij Foundation Nyas Bareilly Uttar Pradesh AADTJ7042G
159. Zila Khanij Foundation Nyas Fatehpur Uttar Pradesh AADTJ7071K
160. District Mineral Foundation Trust Auraiya Uttar Pradesh AADTD6335Q
161. District Mineral Fund Mathura Uttar Pradesh AADTD6330M
162. Ghaziabad District Mineral Foundation Trust Uttar Pradesh AADTG6974A
163. Zila Khanij Foundation Nidhi Mainpuri Uttar Pradesh AADTJ7164K
164. Zila Khanij Foundation Nyas Firozabad Uttar Pradesh AAATZ2541D
165. Paschim Bhardhaman District Mineral Foundation West Bengal AADTP8830C

[Notification No. 103/2021 F. No.300196/36/2017-ITA-I]
SOURABH JAIN, Under Secy.

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.

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