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of <h1>Karnataka State Rural Livelihood Promotion Society Receives Income Tax Exemption for FY 2013-18 Under Section 10(46)</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the 'Karnataka State Rural Livelihood Promotion Society,' a government-constituted body, regarding specific income exemptions. The exempted income includes grants from the Government of India, grants from the Government of Karnataka, and interest earned on bank deposits. This exemption is valid for financial years 2013-14 to 2017-18, provided the Society does not engage in commercial activities, maintains its income nature, and files income returns as per legal provisions.
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