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    <title>Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “National Biodiversity Authority” for dealing with specified income</title>
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    <description>Notification under clause (46) of section 10 notifies the National Biodiversity Authority for specified incomes: grants in aid from the Government of India; interest; benefit sharing fees and royalties; and penalties and application fees. The notification is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and nature of specified income across financial years, and filing returns as required by clause (g) of sub section (4C) of section 139; it is effective for the period 01.06.2011-31.03.2012 and financial years 2012 13 to 2015 16.</description>
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