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    <title>Section 10(46) of the Income-tax Act, 1961 – Central Government notifies Bureau of Indian Standards (BIS), set up by the Bureau of Indian Standards Act, 1986 (63 of 1986) in respect of the following specified income arising to that Bureau</title>
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    <description>Central Government notifies BIS for tax exemption under clause (46) of section 10 in respect of certification fees, sale of standards (where no profit is involved), and interest income. The notification applies for assessment years 2017-18 through 2021-22 and is subject to conditions: BIS must not engage in commercial activity; the activities and nature of the specified income must remain unchanged during the financial year; and BIS must file its return of income as required by clause (g) of sub-section (4C) of section 139.</description>
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      <description>Central Government notifies BIS for tax exemption under clause (46) of section 10 in respect of certification fees, sale of standards (where no profit is involved), and interest income. The notification applies for assessment years 2017-18 through 2021-22 and is subject to conditions: BIS must not engage in commercial activity; the activities and nature of the specified income must remain unchanged during the financial year; and BIS must file its return of income as required by clause (g) of sub-section (4C) of section 139.</description>
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