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The Central Government notifies specified income of the Rajasthan State Dental Council for income tax exemption under section 10 clause 46 of the Income-tax Act, 1961. The body receives exemption for income from application forms, registration fees, renewal fees, certificate fees, program fees, and accrued interest. The body must not engage in commercial activity. The activities and nature of the specified income must remain unchanged. The body must file a return of income under section 139 sub-section 4C clause g. The notification applies to the assessment years 2017-2018 through 2021-2022.
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MINISTRY OF FINANCE (Deparment of Revenue) CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 14th September, 2018 S.O. 4860(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, ‘Rajasthan State Dental Council’, Jaipur, a body constituted by the Government of Rajasthan, in respect of the following specified income arising to that body, namely:—
[Notification No. 46 /2018/ F.No.300196/13/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum:—It is certified that no person is being adversely affected by giving retrospective effect to this notification.