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The Central Government notifies specified income of the Haryana State Board of Technical Education for exemption under clause (46) of section 10 of the Income-tax Act, 1961. The Board receives the exemption for specific income types that include government grants, fees, royalties, donations, sale proceeds, and bank interest. The Board must not engage in any commercial activity. The Board must keep its activities and the nature of the specified income unchanged throughout the financial years. The Board must file a return of income under section 139. The notification applies to assessment years 2022-2023 and 2023-2024.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th January, 2024
S.O. 83(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, ‘Haryana State Board of Technical Education, Panchkula’ (PAN: AAAGT0008A), a Board constituted by Government of Haryana, in respect of the following specified income arising to the said Board, as follows:
