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    <title>U/s 10(46) of IT Act 1961 - Central Government notifies ‘International Financial Services Centres Authority’ in respect of the specified income arising to that Authority.</title>
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    <description>Notification designates the International Financial Services Centres Authority, Gandhinagar, as exempt under section 10(46) for specified incomes: grant-in-aid from the Central Government; fees and charges under the Authority Act; other sums as decided by the Central Government; and interest on those receipts. The exemption is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and specified income composition during the stated financial years, and filing its return of income under the relevant income-tax provision.</description>
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      <description>Notification designates the International Financial Services Centres Authority, Gandhinagar, as exempt under section 10(46) for specified incomes: grant-in-aid from the Central Government; fees and charges under the Authority Act; other sums as decided by the Central Government; and interest on those receipts. The exemption is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and specified income composition during the stated financial years, and filing its return of income under the relevant income-tax provision.</description>
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