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The Central Government notifies specified income of the Punjab Dental Council, Mohali for income tax exemption under section 10 clause 46 of the Income-tax Act, 1961. The specified income includes registration and renewal fees received from doctors and interest income on accumulated surplus in fixed deposit receipts. 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 a return of income under section 139 sub-section 4C clause g of the Income-tax Act, 1961. The notification applies for 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 19th October, 2023
S.O. 4577(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 Dental Council, Mohali’ (PAN: AAAJP0976C), a Council constituted by the Government of Punjab, in respect of the following specified income arising to that council, namely:
[Notification No. 90/2023 F.No.300196/11/2022-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.
