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of <h1>Meghalaya State AIDS Control Society Gets Income Tax Exemption for Specific Grants Under Section 10(46) for FY 2011-16</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, has notified the Meghalaya State AIDS Control Society as exempt from income tax for specific income. This exemption applies to grants-in-aid received from the Government of India for financial years 2011-12, 2012-13, and extends to 2013-14, 2014-15, and 2015-16. The exemption is contingent upon the Society not engaging in commercial activities, maintaining the specified income nature, and filing income returns as per section 139(4C)(g) of the Act. Grants must be used according to existing rules and regulations.
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