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<h1>Assam State Biodiversity Board Receives Tax Exemptions on Specified Incomes u/s 10(46) of Income-tax Act.</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the Assam State Biodiversity Board regarding specified income exemptions. This includes grants from the Assam State Government and National Biodiversity Authority, fees for access to biological resources, consultancy charges for research, and interest from grants and term deposits. The board must not engage in commercial activities, maintain the nature of its income, and file income returns as per legal requirements. This notification applies retrospectively for financial years 2015-16 and 2016-17, and prospectively for 2017-18 to 2019-20, without adversely affecting any person.