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    <title>U/s 10(46) of the Income-tax Act, 1961 Central Government notifies Assam State Biodiversity Board, a board established by the Government of Assam in respect of the specified income arising to that board</title>
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    <description>Notification grants tax exemption to Assam State Biodiversity Board for specified income: grants from State and National Biodiversity Authority; fees for access to biological resources; consultancy/field study fees; interest on grants in aid from those authorities; and interest from bank term deposits. The exemption is subject to conditions that the Board shall not engage in commercial activity, that activities and the nature of specified income remain unchanged across financial years, and that the Board files its return of income as required. The notification applies retrospectively to two financial years and prospectively to three.</description>
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