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The Central Government notifies Karmayogi Bharat for specified income under clause (46) of section 10 of the Income-tax Act, 1961. The company holds PAN AAJCK2949L and operates as a section 8 company with complete equity owned by the Government of India. The specified income includes government grants, subscription charges, assessment fees, onboarding fees, form and material sales, scrap disposal, tender fees, and bank or government security interest. The company must not engage in any commercial activity, must keep its activities and income nature unchanged, and must file returns of income under section 139 sub-section (4C) clause (g). This notification applies for assessment years 2024-2025 through 2028-2029.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th January, 2024
S.O. 79(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, ‘Karmayogi Bharat (PAN: AAJCK2949L), a Company incorporated under Section 8 of the Companies Act, 2013 with 100% equity shared owned by the President of India i.e. Government of India, in respect of the following specified income arising to the said Company, as follows:
[Notification No. 7/2024 F. No. 196/12/2023-ITA-I] VIKAS SINGH, Director (ITA-I)
