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The Central Government notifies specified income of the Punjab Nurses Registration Council under section 10 of the Income-tax Act, 1961. The specified income includes fees from nursing students and affiliated nursing institutions, and interest earned on bank deposits and fixed deposits. The Council must not engage in any commercial activity. The activities and nature of the specified income must remain unchanged throughout the financial years. The Council must file returns of income under section 139 of the Act. The notification applies for the 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 29th September, 2023
S.O. 4265(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, ‘Punjab Nurses Registration Council’ (PAN: AAABR0094H), a council constituted by the Government of Punjab, in respect of the following income arising to the Council, namely:-
[Notification No. 84/2023 F. No. 300196/10/2022-ITA-I] VIKAS SINGH, Director (ITA-I)
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.
