Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Maharashtra State Board of Technical Education” for dealing with specified income - 23/2016 - Income Tax Act, 1961
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Tax exemption notification recognizes Maharashtra State Board of Technical Education's specified income subject to noncommercial and filing conditions. Notification under Section 10(46) designates the Maharashtra State Board of Technical Education for specified-income treatment, listing covered income categories - fees, fines and penalties; printed educational material receipts; scrap or waste paper; receipts from other government bodies; interest on surplus funds; rent from let-out properties; royalty or license fees; dividend from a specified corporation; and capital gains from asset disposal. The notification conditions this recognition on non-engagement in commercial activity, unchanged nature of activities and income, and prescribed return filing, and applies retrospectively to the stated financial years.
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 notification recognizes Maharashtra State Board of Technical Education's specified income subject to noncommercial and filing conditions.
Notification under Section 10(46) designates the Maharashtra State Board of Technical Education for specified-income treatment, listing covered income categories - fees, fines and penalties; printed educational material receipts; scrap or waste paper; receipts from other government bodies; interest on surplus funds; rent from let-out properties; royalty or license fees; dividend from a specified corporation; and capital gains from asset disposal. The notification conditions this recognition on non-engagement in commercial activity, unchanged nature of activities and income, and prescribed return filing, and applies retrospectively to the stated financial years.
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