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<h1>National Biodiversity Authority's Tax-Exempt Status Notified u/s 10(46) of Income-tax Act for 2011-2016.</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the 'National Biodiversity Authority' for specified tax-exempt income. This includes grants from the Government of India, interest income, benefit sharing fees, royalties, penalties, and application fees. The notification is subject to conditions that the Authority must not engage in commercial activities, maintain the nature of its specified income, and file income returns as per legal requirements. This notification is effective for the period from June 1, 2011, to March 31, 2016, covering several financial years.