Exemption under section 10(46) for National Skill Development Corporation: specified skilling income exempt subject to operational conditions. Exemption under section 10(46) for National Skill Development Corporation covers specified receipts: government and skill-development grants; capital gains from investments in skill development organisations; dividends and royalties from supported ventures; accreditation, registration and training fees; administrative and mobilisation fees; foreign institutional income for skilling; interest on loans to skill institutions; miscellaneous receipts (sale of scrap, asset sale profits, RTI fees, forfeiture of bank guarantees, interest on tax refunds, excess provision written back); and interest on these items. The exemption is conditional on non-engagement in commercial activity, unchanged nature of activities and income, and prescribed return filing.
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.
Exemption under section 10(46) for National Skill Development Corporation: specified skilling income exempt subject to operational conditions.
Exemption under section 10(46) for National Skill Development Corporation covers specified receipts: government and skill-development grants; capital gains from investments in skill development organisations; dividends and royalties from supported ventures; accreditation, registration and training fees; administrative and mobilisation fees; foreign institutional income for skilling; interest on loans to skill institutions; miscellaneous receipts (sale of scrap, asset sale profits, RTI fees, forfeiture of bank guarantees, interest on tax refunds, excess provision written back); and interest on these items. The exemption is conditional on non-engagement in commercial activity, unchanged nature of activities and income, and prescribed return filing.
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