Tax exemption for Press Council of India specified income allowed subject to non commerciality and filing conditions. Notification under clause (46) of section 10 exempts the Press Council of India in respect of levy of fees on publishers and newspapers and interest on FDRs and savings accounts, subject to conditions that it shall not engage in commercial activity, the activities and nature of the specified income remain unchanged across financial years, and it files returns under clause (g) of sub section (4C) of section 139; the notification is deemed applicable to assessment years 2019-2020 through 2023-2024.
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 for Press Council of India specified income allowed subject to non commerciality and filing conditions.
Notification under clause (46) of section 10 exempts the Press Council of India in respect of levy of fees on publishers and newspapers and interest on FDRs and savings accounts, subject to conditions that it shall not engage in commercial activity, the activities and nature of the specified income remain unchanged across financial years, and it files returns under clause (g) of sub section (4C) of section 139; the notification is deemed applicable to assessment years 2019-2020 through 2023-2024.
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