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The Central Government notifies specified income of Himachal Pradesh Computerization of Police Society under section 10 clause 46 of the Income-tax Act, 1961. The specified income includes Grant-in-aid amounts and interest accrued on Grant-in-aid deposited in bank accounts. 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 must file its return of income and the audit report with a chartered accountant certificate. This notification applies retrospectively for the financial years 2018-2019, 2019-2020, and 2020-2021, and applies for the financial years 2021-2022 and 2022-2023.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th July, 2021
S.O. 2827(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, ‘Himachal Pradesh Computerization of Police Society’, (PAN AABAH0360G), a body established by the State Government of Himachal Pradesh, in respect of the following specified income arising to that body, namely:-
[Notification No. 81/2021/F. No. 300196/40/2018-ITA-I] PRAJNA PARAMITA, Director
Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification.
