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The Central Government notifies Mysore Palace Board, Karnataka under clause (46) of section 10 of the Income-tax Act, 1961 for specified income. The specified income includes income from the palace or property proceeds, fees and charges levied under the Mysore Palace Act, rent from stalls let to government agencies, and interest earned on these items. The notification applies to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024. The board must not engage in any commercial activity. The activities and nature of the specified income must remain unchanged throughout the financial years. The board must file a return of income under section 139.
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[अिधसूचना सं. 33 /2019/फा. सं.300196/63/2018-आईटीए-I] राजाराजेKरी आर, अवर सिचव
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th April, 2019
S.O. 1537(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, ‘Mysore Palace Board’, Karnataka, a board constituted by the Government of Karnataka, in respect of the following specified income arising to that board, namely:-
[Notification No. 33 /2019/F.No.300196/63/2018-ITA-I] RAJARAJESWARI R., Under Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
