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<h1>Central Government exempts State Pharmacy Council under section 10(46) for fees, subscriptions, interest; retrospective 2018-19-2022-23; section 139(4C)(g) filing requirement</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, has notified a State Pharmacy Council as exempt from tax on specified income limited to fees and subscriptions and interest, subject to conditions that the council shall not engage in commercial activity, the activities and nature of specified income remain unchanged across financial years, and the council files income-tax returns as required by clause (g) of section 139(4C). The notification is given retrospective effect for financial years 2018-19 through 2022-23, and it is certified that no person is adversely affected by the retrospective application.