CBDTNotificationNo. 47/201518 Jun 2015

Section 10(46) Exemption for Punjab State AIDS Control Society

Who: Punjab State AIDS Control Society
Action: File return of income in accordance with the provisions 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 the Punjab State AIDS Control Society for income tax exemption under Section 10 clause 46 of the Income-tax Act, 1961. The exemption applies to grants-in-aid received from the Government of India and interest earned on those grants. The notification applies to the financial years 2011-12, 2012-13, 2013-14, 2014-15, and 2015-16. The society must not engage in any commercial activity. The activities and the nature of the specified income must remain unchanged throughout the financial years. The society files return of income under Section 139 sub-section 4C clause g.

What you must do

File return of income in accordance with the provisions of clause (g) of sub-section (4C) of Section 139 of the Income-tax Act, 1961.

Key dates

Applied for financial years 2011-12, 2012-13, 2013-14, 2014-15 and 2015-16: Not dated

Law this touches

Income-tax Act s. 10

Who is affected

Punjab State AIDS Control Society

Ask about this notification

Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

Prepared for reading; wording retained from the source.

Official source

2

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(ii)]

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 18th June, 2015

[No. 47/2015]

S.O. 1634(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, “Punjab State AIDS Control Society”, a body constituted by the Government of Punjab, in respect of the following specified income arising to that body, namely:—

(a) amount received in form of grants-in-aid from the Government of India; and
(b) interest earned on grants-in-aid from the Government of India.

This notification shall be deemed to have been applied for the financial years 2011-12, 2012-13, 2013-14, 2014-15 and 2015-16.
This notification shall be effective subject to the conditions, namely, that the Punjab State AIDS Control Society:-

(a) does not engage in any commercial activity;
(b) its activities and the nature of the specified income remain unchanged throughout the financial years; and
(c) it files return of income in accordance with the provisions of clause (g) of sub-section (4C) of Section 139 of the Income-tax Act, 1961.

[F. No.196/82/2012-ITA-I] DEEPSHIKHA SHARMA, Director

Source details

Official title: notification no. 47/2015 f. no.196/82/2012 ita i / so 1634 e section 10 46 of the income tax act 1961 exemptions statutory body/authority/board/commission notified body or authority punjab state aids control society
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 18 Jun 2015
Document number: No. 47/2015
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Section 10(46) Exemption for Punjab State AIDS Control Society

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