CBDTNotificationNotification No. 19/2023 F.No. 196/19/2014-ITA-I10 Apr 2023

Exemption of Specified Income for Central Board of Secondary Education

Who: Central Board of Secondary Education, Delhi
Action: The Central Board of Secondary Education files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

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What changed

The Central Government notifies specified income of the Central Board of Secondary Education for income tax exemption under section 10 of the Income-tax Act, 1961. The specified income includes examination fees, affiliation fees, book sales, academic receipts, project receipts, tax refund interest, and related interest income. The board must not engage in any commercial activity. The activities and the nature of the specified income must remain unchanged. The board files a return of income under section 139. This notification applies with respect to the financial year 2013-2014.

What you must do

The Central Board of Secondary Education files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

Key dates

Financial year 2013-2014 application: Not dated

Law this touches

Who is affected

Central Board of Secondary Education, Delhi

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Document text

Prepared for reading; wording retained from the source.

Official source

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th April, 2023

S.O. 1689(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, ‘Central Board of Secondary Education’, Delhi (PAN AAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:

(a) Examination Fees;
(b) Affiliation Fees;
(c) Sale of Text Books & Publications;
(d) Registration fees, Sports fees, Training fees and Other Academic receipts;
(e) Receipts from CBSE Projects/Programmes;
(f) Interest on income tax refunds; and
(g) Interest earned on (a) to (f) above.

This notification shall be effective subject to Central Board of Secondary Education, Delhi:-

(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.

This notification shall be deemed to have been appliedwith respect to the financial year2013-2014. [Notification No. 19/2023 F.No. 196/19/2014-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.

Source details

Official title: notification no. 19/2023 f.no. 196/19/2014 ita i / so 1689 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 10 Apr 2023
Document number: Notification No. 19/2023 F.No. 196/19/2014-ITA-I
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Exemption of Specified Income for Central Board of Secondary Education

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