Tax exemption application process standardized; applicants must file prescribed format and enclosures to jurisdictional tax authorities. Standardization requires applicants seeking Central Government notification under section 10(46) to file a uniform application with prescribed enclosures to the jurisdictional Commissioner/Director of Income Tax and send a copy with acknowledgement to the Under Secretary (ITA 1), CBDT. Eligibility hinges on establishment by or under a Central/State Act or by government for public benefit regulatory/administrative purposes and the absence of commercial activity. The prescribed format requires identity, PAN, recent returns, assessing officer, category, objects, activity details, founding instruments, revenue nature, income proposed for notification, basis for claim, prior registrations or rejections, audited accounts, and records of penalties or prosecutions.
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Tax exemption application process standardized; applicants must file prescribed format and enclosures to jurisdictional tax authorities.
Standardization requires applicants seeking Central Government notification under section 10(46) to file a uniform application with prescribed enclosures to the jurisdictional Commissioner/Director of Income Tax and send a copy with acknowledgement to the Under Secretary (ITA 1), CBDT. Eligibility hinges on establishment by or under a Central/State Act or by government for public benefit regulatory/administrative purposes and the absence of commercial activity. The prescribed format requires identity, PAN, recent returns, assessing officer, category, objects, activity details, founding instruments, revenue nature, income proposed for notification, basis for claim, prior registrations or rejections, audited accounts, and records of penalties or prosecutions.
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