https://www.taxtmi.com/highlights?id=80301 Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), a body constituted by State Government of Karnataka, is exempted from income tax u/s 10(46) of Income Tax Act, 1961 on specified income comprising grants from State/Central Government, income from data sharing activities, and interest on bank deposits. Exemption is subject to conditions of non-engagement in commercial activities, unchanged nature of specified income and activities, and filing of income tax returns. Exemption is applicable retrospectively for assessment years 2021-2022 to 2023-2024 and prospectively for 2024-2025 and 2025-2026. en-us Fri, 09 Aug 2024 12:48:40 +0530 Fri, 09 Aug 2024 12:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80301 Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), a body constituted by State Government of Karnataka, is exempted from income tax u/s 10(46) of Income Tax Act, 1961 on specified income comprising grants from State/Central Government, income from data sharing activities, and interest on bank deposits. Exemption is subject to conditions of non-engagement in commercial activities, unchanged nature of specified income and activities, and filing of income tax returns. Exemption is applicable retrospectively for assessment years 2021-2022 to 2023-2024 and prospectively for 2024-2025 and 2025-2026. Highlights Income Tax Fri, 09 Aug 2024 12:48:40 +0530 https://www.taxtmi.com/highlights?id=80301