U/s 10(46) of IT Act 1961 - Central Government notifies ‘National Council of Science Museums’, in respect of the specified income arising to the Council. - 85/2021 - Income Tax Act, 1961

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Tax exemption under section 10(46) for National Council of Science Museums' specified income, subject to compliance and reporting. Notification grants income-tax exemption to National Council of Science Museums, Kolkata, for specified income: government grants-in-aid and subsidies; ticket fees or subscriptions; maintenance charges for auditoria and public scientific/educational facilities; and interest on investments. Exemption is subject to conditions: no commercial activity, unchanged nature of activities and specified income during the applicable financial years, filing of return of income as prescribed, and submission of an audit report verified by the accountant plus a chartered accountant's certificate confirming satisfaction of these conditions.

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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) for National Council of Science Museums' specified income, subject to compliance and reporting.

Notification grants income-tax exemption to National Council of Science Museums, Kolkata, for specified income: government grants-in-aid and subsidies; ticket fees or subscriptions; maintenance charges for auditoria and public scientific/educational facilities; and interest on investments. Exemption is subject to conditions: no commercial activity, unchanged nature of activities and specified income during the applicable financial years, filing of return of income as prescribed, and submission of an audit report verified by the accountant plus a chartered accountant's certificate confirming satisfaction of these conditions.

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U/s 10(46) of IT Act 1961 - Central Government notifies ‘National Council of Science Museums’, in respect of the specified income arising to the Council. - 85/2021 - Income Tax Act, 1961

Tax exemption under section 10(46) for National Council of Science Museums' specified income, subject to compliance and reporting.

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U/s 10(46) of IT Act 1961 - Central Government notifies ‘National Council of Science Museums’, in respect of the specified income arising to the Council. - 85/2021 - Income Tax Act, 1961

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Tax exemption under section 10(46) for National Council of Science Museums' specified income, subject to compliance and reporting.

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