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<h1>Central Government Notifies BIS on Tax Exemption for Specified Income u/s 10(46) for 2021-2026.</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, notifies the Bureau of Indian Standards (BIS) regarding specified income, including certification fees, sale of standards without profit, and interest income. This notification is effective for the financial years 2021-22 to 2025-26, provided BIS does not engage in commercial activities, maintains the nature of specified income, and files income returns per section 139(4C)(g) of the Income-tax Act. The notification does not adversely affect any person and was corrected in January 2022 to specify financial years instead of assessment years.