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U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘West Bengal State Council of Science & Technology’, Kolkata, a society constituted by the Government of West Bengal, in respect of the specified income arising to that Society - 50/2018 - Income Tax Act, 1961
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Tax exemption under section 10(46) extends relief to a state science council subject to specified compliance conditions. Notification under section 10(46) exempts specified income of West Bengal State Council of Science & Technology, Kolkata - grants from Central and State Governments, course fees from research fellows, receipts from sale of maps and patent-searching reports, receipts from sale of plants, and interest on these items - subject to conditions that the Society not engage in commercial activity, that activities and the nature of specified income remain unchanged, and that the Society files returns under clause (g) of sub section (4C) of section 139; effective for AYs 2016-17 to 2020-21 as specified.
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 under section 10(46) extends relief to a state science council subject to specified compliance conditions.
Notification under section 10(46) exempts specified income of West Bengal State Council of Science & Technology, Kolkata - grants from Central and State Governments, course fees from research fellows, receipts from sale of maps and patent-searching reports, receipts from sale of plants, and interest on these items - subject to conditions that the Society not engage in commercial activity, that activities and the nature of specified income remain unchanged, and that the Society files returns under clause (g) of sub section (4C) of section 139; effective for AYs 2016-17 to 2020-21 as specified.
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