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of <h1>Gujarat State Council for Blood Transfusion Gains Tax Exemption Under Section 10(46) for FY 2013-14 to 2017-18</h1> The Central Government has issued a notification under Section 10(46) of the Income-tax Act, 1961, recognizing the 'Gujarat State Council for Blood Transfusion,' a trust established by the Government of Gujarat, for specified income exemptions. The exempted income includes grants from the Government of Gujarat and India, donations, and interest income. The exemption is contingent upon the trust not engaging in commercial activities, maintaining consistent activities and income nature, and filing income returns as per legal requirements. This notification applies to the financial years 2013-14 to 2017-18.
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