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The Central Government notifies specified income of the Assam State Biodiversity Board under clause 46 of section 10 of the Income-tax Act, 1961. The specified income includes government grants, access fees, consultancy charges, and bank interest. The Board must not engage in any commercial activity. The activities and nature of the income must remain unchanged throughout the financial years. The Board files a return of income under section 139 of the Income-tax Act, 1961. This notification applies for the financial years 2015-16, 2016-17, 2017-18, 2018-19, and 2019-20.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017
S.O. 2280(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, the Assam State Biodiversity Board, a board established by the Government of Assam, in respect of the following specified income arising to that board, namely:—
[Notification No. 69/2017/F. No. 300196/1/2016-ITA-I] DEEPSHIKHA SHARMA, Director
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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. RAKESH SUKUL Digitally signed by RAKESH SUKUL Date: 2017.07.22 14:08:53 +05'30'
