Section 10(46) of the Income-tax Act, 1961 – Central Government notifies National Skill Development Corporation, a body constituted by Central Government, in respect of the following specified income arising to that Corporation - 71/2016 - Income Tax Act, 1961
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Tax exemption for specified income: notification grants relief to National Skill Development Corporation subject to noncommercial conditions. Notification under section 10(46) of the Income tax Act, 1961 notifies National Skill Development Corporation for exemption in respect of specified income: long term capital gains from investments in skill development organisations; dividends and royalties from supported skill ventures; interest on loans to skill institutions; interest on bank fixed deposits; and Government grants, subject to conditions prohibiting commercial activity, requiring unchanged nature of activities and specified income, and prescribed filing of income return under clause (g) of sub section (4C) of section 139.
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: notification grants relief to National Skill Development Corporation subject to noncommercial conditions.
Notification under section 10(46) of the Income tax Act, 1961 notifies National Skill Development Corporation for exemption in respect of specified income: long term capital gains from investments in skill development organisations; dividends and royalties from supported skill ventures; interest on loans to skill institutions; interest on bank fixed deposits; and Government grants, subject to conditions prohibiting commercial activity, requiring unchanged nature of activities and specified income, and prescribed filing of income return under clause (g) of sub section (4C) of section 139.
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