Tax Exemption for National Council of Science Museums

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th August, 2021

S.O. 3138(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, ‘National Council of Science Museums’, Kolkata (PAN AAAAN2541C), an autonomous body established under the Ministry of Culture, Government of India, in respect of the following specified income arising to the Council, namely:-

• (a) amount received in the form of grants-in-aid and subsidies from Government of India;
• (b) fees or subscription by sale of tickets;
• (c) charges for maintenance recovered for use of auditorium and other public facilities for scientific and educational purposes; and
• (d) Income arising or derived by way of interest received from investment.

2. This notification shall be effective subject to the conditions that National Council of Science Museums, Kolkata,-

• (a) shall not engage in any commercial activity;
• (b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
• (c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
• (d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

3. This notification shall apply with respect to the financial years 2021-2022, 2022-2023, 2023-2024, 2024- 2025 and 2025-2026.

[Notification No. 85 /2021 F. No. 300196/1/2021-ITA-I] SOURABH JAIN, Under Secy.