Notification No. 73/2020 Central Government notifies ‘District Mineral Foundation Trust’ 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 specified income under section 10(46) of Income Tax Act, 1961.

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

Notification No. 73/2020-Income Tax

New Delhi, the 10th September, 2020

S.O. 3088(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. This notification shall be deemed to have been applied for the assessment year 2018-2019 and 2019-2020 and shall apply with respect to the assessment years 2020-2021, 2021-2022 and 2022-2023 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. Thiruvananthapuram DMF Trust Kerala AADTT6908R
2. Kollam DMF Trust Kerala AAETK0275D
3. Pathanamthitta DMF Trust Kerala AAETP2630F
4. Alappuzha DMF Trust Kerala AAHTA3454R
5. Kottayam DMF Trust Kerala AAETK0791N
6. Idukki DMF Trust Kerala AABTI7182J
7. Ernakulam DMF Trust Kerala AABTE0066H
8. Thirissur DMF Trust Kerala AADTT5950D
9. Palakkad DMF Trust Kerala AAETP1053E
0. Malappuram DMF Trust Kerala AAGTM2917C
1. Wayanad DMF Trust Kerala AAATW5648L
2. Kozhikode DMF Trust Kerala AADTK9219Q
3. Kannur DMF Trust Kerala AADTK8977D
4. Kasargod DMF Trust Kerala AADTK9569P
15. District Mineral Foundation – Ahmedabad Gujarat AACTD7233J
16. District Mineral Foundation – Amreli Gujarat AADTD0695F
17. District Mineral Foundation – Anand Gujarat AACTD6849C
18. District Mineral Foundation – Aravali Gujarat AADTD0940R
19. District Mineral Foundation – Banaskantha Gujarat AAEAD4162H
20. District Mineral Foundation – Bharuch Gujarat AACTD6719P
21. District Mineral Foundation – Bhavnagar Gujarat AACTD7183P
22. District Mineral Foundation – Botad Gujarat AACTD7181R
23. District Mineral Foundation – Chhotaudepur Gujarat AACTD6718N
24. District Mineral Foundation – Dahod Gujarat AADTD0364R
25. District Mineral Foundation – Devbhumi (Dwarka) Gujarat AADTD1475H
26. District Mineral Foundation – Gandhinagar Gujarat AACTD9523H
27. District Mineral Foundation – Girsomnath Gujarat AACTD8000B
28. District Mineral Foundation – Jamnagar Gujarat AADTD0696G
29. District Mineral Foundation – Junagadh Gujarat AACTD9473A
30. District Mineral Foundation – Kachchh Gujarat AACTD8743M
31. District Mineral Foundation – Kheda Gujarat AACTD6850D
32. District Mineral Foundation – Mahesana Gujarat AADTD0366P
33. District Mineral Foundation – Mahisagar Gujarat AACTD9229Q
34. District Mineral Foundation – Morbi Gujarat AACTD8422F
35. District Mineral Foundation – Narmada Gujarat AACTD6717D
36. District Mineral Foundation – Navsari Gujarat AADTD0694E
37. District Mineral Foundation – Panchmahal Gujarat AACTD8414F
38. District Mineral Foundation – Porbandar Gujarat AACTD8483G
39. District Mineral Foundation – Rajkot Gujarat AACTD8989K
40. District Mineral Foundation – Sabarkantha Gujarat AADTD0367N
41. District Mineral Foundation – Surat Gujarat AACTD8978L
42. District Mineral Foundation – Surendranagar Gujarat AACTD7993H
43. District Mineral Foundation – Tapi Gujarat AACTD8979M
44. District Mineral Foundation – Vadodara Gujarat AACTD6439L
45. District Mineral Foundation – Valsad Gujarat AADTD0728P
46. District Mineral Fund Trust, Raipur Chhattisgarh AAETR0345K
47. District Mineral Foundation Trust, Balodabazar-Bhatapara Chhattisgarh AAETB0697A
48. District Mineral Fund Kabirdham Chhattisgarh AADTD5418J
49. District Mineral Foundation Trust Durg Chhattisgarh AADTD5269P
50. Balod Jila Khanij Sansthan Nyas Chhattisgarh AAETB0372J
51. Bastar District Mineral Foundation Trust Chhattisgarh AAETB0452H
52. Narayanpur District Mineral Foundation Trust Chhattisgarh AADTN4401F
53. Kondagaon District Mineral Foundation Trust Chhattisgarh AAETK2162R
54. District Mineral Foundation Trust Fund- Dantewada Chhattisgarh AADTD5163C
55. Sukma District Mineral Foundation Trust Chhattisgarh AAZTS5178G
56. Bilaspur District Mineral Foundation Trust Chhattisgarh AAETB0402H
57. Mungeli District Mineral Foundation Trust Chhattisgarh AAGTM7090J
58. District Mineral Foundation Trust Janjgir-Champa Chhattisgarh AADTJ5906F
59. Raigarh DMF Dept. Chhattisgarh AADTD5349J
60. District Mineral Foundation Trust Surguja Chhattisgarh AADTD5440L
61. District Mineral Foundation Trust Fund-Balrampur Chhattisgarh AADTD5305N
62. District Mineral Foundation Trust, Surajpur Chhattisgarh AADTD5257B
63. Korea District Mineral Foundation Trust Chhattisgarh AADTD5306R
64. Dhanbad Zila Khanij Foundation Trust Jharkhand AADTD2230J
65. DMFT Hazaribagh Jharkhand AACTH0485Q
66. Chitradurga District Mineral Foundation Trust Karnataka AACTC4052A
67. Bagalkot District Mineral Foundation Trust Karnataka AAETB0303P
68. District Mineral Foundation Trust, Tumkur Karnataka AADTT8112F
69. District Mineral Foundation Trust, Devangere Karnataka AADTD5466G
70. District Mineral Foundation Trust, Belagavi Karnataka AADTB8686N
71. District Mineral Foundation Trust, Kalaburagi Karnataka AADTK8582G
72. District Mineral Foundation Trust, Chikkamaggaluru Karnataka AACTC7071K
73. District Mineral Foundation Trust, Shivmoga Karnataka AAZTS7890P
74. District Mineral Foundation Trust, Koppal Karnataka AAETK2039D
75. District Mineral Foundation Trust, Bengaluru Rural Karnataka AADTB5311N
76. District Mineral Foundation Trust, Bengaluru Urban Karnataka AADTB5434G
77. District Mineral Foundation Trust, Chikballpur Karnataka AACTC7079B
78. District Mineral Foundation Trust, Dakshin Kannad Karnataka AADTD5453B
79. District Mineral Foundation Trust Dharwad Karnataka AADTD5446N
80. District Mineral Foundation Trust, Kodagu Karnataka AAETK2194D
81. District Mineral Foundation Trust, Raichur Karnataka AAAGR1188K
82. District Mineral Foundation Trust, Ramanagara Karnataka AAETR0266R
83. District Mineral Foundation Trust, Yadgir Karnataka AAATY7689M
84. District Mineral Foundation Trust, Nagpur Maharashtra AACTD8934E
85. District Mineral Foundation Trust, Nashik Maharashtra AAEAD4782B
86. Angul District Mineral Foundation Odisha AAALD1844M
87. District Mineral Foundation Bolangir Odisha AADTD5136D
88. District Mineral Foundation, Bargarh Odisha AAAGD2712F
89. District Mineral Foundation Trust, Jajpur Odisha AADTD2632E
90. District Mineral Foundation, Jharsuguda Odisha AADTD1294Q
91. District Mineral Foundation, Keonjhar Odisha AAAGD2339C
92. District Mineral Foundation, Koraput Odisha AAPFD8437K
93. District Mineral Foundation, Sundargarh Odisha AADTD0841P
94. Alwar DMFT Rajasthan AAAGD2695B
95. DMFT Bikaner Rajasthan AAAGD2495M
96. Nagour DMFT Rajasthan AADTD5426C
97. Ariyalur District Mineral Foundation Trust Tamil Nadu AAHTA9239N
98. Coimbatore District Mineral Foundation Trust Tamil Nadu AACTC2202J
99. District Mineral Foundation Trust, Coddalore Tamil Nadu AACTD8447N
100. Dharmapuri District Mineral Foundation Trust Tamil Nadu AADTD5447P
101. Mineral Foundation Trust, DINDIGUL Tamil Nadu AADTD5401D
102. Erode District Mineral Foundation Trust Tamil Nadu AABTE0874H
103. District Mineral Foundation Trust, Kanniyakumari Tamil Nadu AACTD9609E
104. District Mineral Foundation Trust, Karur Tamil Nadu AADTK2965P
105. Krishnagiri District Mineral Foundation Trust Tamil Nadu AADTK9141K
106. Namakkal District Mineral Foundation Trust Tamil Nadu AADTN2416Q
107. District Mineral Foundation Trust, Pudukkottai Tamil Nadu AADTD5460A
108. Ramnathapuram District Mineral Foundation Trust Tamil Nadu AADTD5459M
109. Salem District Mineral Foundation Trust Tamil Nadu AAUTS6809B
110. District Mineral Foundation Trust Theni Tamil Nadu AADTT8117A
111. District Mineral Foundation Trust, Tirunelveli Tamil Nadu AADTD4490N
112. District Mineral Foundation Trust, Tiruvallur Tamil Nadu AADTD2995C
113. District Mineral Foundation Trust, Vilupuram Tamil Nadu AACTV7257N
114. District Mineral Foundation Trust, Virdhunagar Tamil Nadu AADTD4359G
115. District Mineral Foundation Trust Madurai Tamil Nadu AAFAD7917H
116. Nagapattinam District Mineral Foundation Trust Tamil Nadu AADTN4428J
117. Perambalur District Mineral Foundation Trust Tamil Nadu AAETP4055A
118. Thanjavur District Mineral Foundation Trust Tamil Nadu AADTT8134H
119. District Mineral Foundation Trust Tamil Nadu AADTD5503G
120. Thiruvarur District Mineral Foundation Trust Tamil Nadu AADTT8133A
121. District Mineral Foundation Trust, Trichy Tamil Nadu AADTT8144K
122. Mineral Foundation Trust, Tirupur Tamil Nadu AADTT8119Q
123. District Mineral Foundation Trust Adilabad Telangana AADTD5129Q
124. District Mineral Foundation Trust Kumurambheem-Asifabad Telangana AADTD5323Q
125. District Mineral Foundation Trust Nirmal Telangana AADTD4721C
126. District Mineral Foundation Trust Mancherial Telangana AADTD4641H
127. District Mineral Foundation Trust Nizamabad Telangana AADTD5380R
128. District Mineral Foundation Trust Kamareddy District Telangana AADTD5210E
129. District Mineral Foundation Trust Medak Telangana AADTD5386K
130. District Mineral Foundation Trust Sangareddy Telangana AADTD4820G
131. District Mineral Foundation Trust Siddipet Telangana AAAGS1434F
132. District Mineral Foundation Trust Wanaparthy Telangana AADTD5259R
133. District Mineral Foundation Trust Jogulamba-Gadwal Telangana AADTD5182H
134. District Mineral Foundation Trust Vikarabad Telangana AACTD9800B
135. District Mineral Foundation Trust Rangareddy Telangana AADTD4743N
136. District Mineral Foundation Trust Medchal-Malkajgiri Telangana AADTD5045P
137. District Mineral Foundation Trust Yadadri-Bhongir Telangana AADTD5348K
138. District Mineral Foundation Trust Nalgonda Telangana AAAGD2743Q
139. District Mineral Foundation Trust Suryapet Telangana AADTD4695D
140. District Mineral Foundation Trust Jangaon Telangana AADTD5301J
141. District Mineral Foundation Trust Warangal Rural Telangana AAAGD2723C
142. District Mineral Foundation Trust Warangal Urban Telangana AAAGD2723C
143. District Mineral Foundation Trust Mahabubabad Telangana AADTD5071F
144. District Mineral Foundation Trust Jayashankar-Bhupalpally Telangana AAAGD2746M
145. District Mineral Foundation Trust Karimnagar District Telangana AADTD4622J
146. District Mineral Foundation Trust Jagitial Telangana AQBPJ5572D
147. District Mineral Foundation Trust, Peddapalli Telangana AADTD5280A
148. District Mineral Foundation Trust Rajanna-Siricilla Telangana AAAGD2764D
149. District Mineral Foundation Trust Khammam District Telangana AADTD5159L
150. District Mineral Foundation Trust Bhadradri-Kothagudam Telangana AADTD5332P
151. District Mineral Foundation Trust Dehradun Uttarakhand AAATU8583C

[Notification No. 73/2020/F. No. 300196/36/2017-ITA-I]

PRAJNA PARAMITA, Director

Explanatory Memorandum

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

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