Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Madhya Pradesh State AIDS Control Society” a body constituted by the Government of Madhya Pradesh in respect of the following specified income arising to that Society - 9/2016 - Income Tax Act, 1961
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Tax exemption for specified income: government grants and related interest exempt for notified society subject to compliance conditions. Notification under section 10(46) designates the Madhya Pradesh State AIDS Control Society as exempt for specified income comprising (a) grants-in-aid from the Government of India and (b) interest on such grants, applicable for the period 01.06.2011 to 31.03.2013 and financial years 2013-14 to 2015-16, subject to conditions: no commercial activity, unchanged activities and income nature during the year, and filing returns as required by clause (g) of sub-section (4C) of section 139; grants must be received and applied per prevailing rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for specified income: government grants and related interest exempt for notified society subject to compliance conditions.
Notification under section 10(46) designates the Madhya Pradesh State AIDS Control Society as exempt for specified income comprising (a) grants-in-aid from the Government of India and (b) interest on such grants, applicable for the period 01.06.2011 to 31.03.2013 and financial years 2013-14 to 2015-16, subject to conditions: no commercial activity, unchanged activities and income nature during the year, and filing returns as required by clause (g) of sub-section (4C) of section 139; grants must be received and applied per prevailing rules.
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