CBDTNotificationNotification No. 67 /2017 / F. No. 300196/7/2017-ITA-I20 Jul 2017

Income Tax Exemption for National Council of Science Museums

Who: National Council of Science Museums, Kolkata
Action: 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.

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What changed

The Central Government notifies specified income of the National Council of Science Museums, Kolkata, for tax exemption under section 10 clause 46 of the Income-tax Act, 1961. The specified income includes government grants, ticket sales, facility charges, and investment interest. This notification applies to the financial years 2017-2018, 2018-2019, 2019-2020, and 2020-2021. The Council must not engage in any commercial activity. The activities and the nature of the specified income must remain unchanged throughout the financial years. The Council must file a return of income under section 139 sub-section 4C clause g.

What you must do

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.

Key dates

Financial year 2017-2018: Not dated
Financial year 2018-2019: Not dated
Financial year 2019-2020: Not dated
Financial year 2020-2021: Not dated

Law this touches

Who is affected

National Council of Science Museums, Kolkata

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 20th July, 2017 S.O. 2278(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, ‘National Council of Science Museums’, Kolkata, an autonomous body established under the Ministry of Culture, Government of India, in respect of the following specified income arising to the Council, namely:—

a) Amount received in the form of grants-in-aid and subsidies from Government of India;
b) Fees or subscription by sale of tickets;
c) Charges for maintenance recovered for use of auditorium and other public facilities for scientific and educational purposes; and
d) Income arising or derived by way of interest received from investment.

This notification shall be effective subject to the conditions that National Council of Science Museums, Kolkata,—

(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 apply with respect to the financial years 2017-2018, 2018-2019, 2019-2020 and 2020-
[Notification No. 67 /2017/F. No. 300196/7/2017-ITA-I] DEEPSHIKHA SHARMA, Director

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. ALOK KUMAR Digitally signed by ALOK KUMAR Date: 2017.07.24 12:25:41 +05'30'

Source details

Official title: notification no. 67 /2017 f. no. 300196/7/2017 ita i / so 2278 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 20 Jul 2017
Document number: Notification No. 67 /2017 / F. No. 300196/7/2017-ITA-I
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Income Tax Exemption for National Council of Science Museums

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