https://www.taxtmi.com/notifications?id=142972 The Central Government notifies that the Karnataka State Horticulture Development Agency's specified income-grants in aid from Central and State Governments, revenue from horticulture activities per its Memorandum of Association, and interest on bank deposits-is exempt under clause (46) of section 10 of the Income tax Act, subject to conditions prohibiting commercial activity, requiring unchanged activities and income character across financial years, and mandated return filing under clause (g) of sub section (4C) of section 139; the notification applies retrospectively for specified assessment years. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 04 Jan 2025 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142972 The Central Government notifies that the Karnataka State Horticulture Development Agency's specified income-grants in aid from Central and State Governments, revenue from horticulture activities per its Memorandum of Association, and interest on bank deposits-is exempt under clause (46) of section 10 of the Income tax Act, subject to conditions prohibiting commercial activity, requiring unchanged activities and income character across financial years, and mandated return filing under clause (g) of sub section (4C) of section 139; the notification applies retrospectively for specified assessment years. Notifications Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142972