https://www.taxtmi.com/notifications?id=143524 Notification under clause (46) of section 10 grants tax exemption to Mysore Palace Board for specified receipts: income from the Palace or proceeds of vested property; fees and charges under the Mysore Palace (Acquisition and Transfer) Act forming part of the Board fund; rent from shops/stalls let to Government agencies; and interest on bank deposits. The exemption is conditional on the Board not engaging in commercial activity, maintaining unchanged activities and income character across the relevant years, and filing returns as required under the Act; the notification applies retrospectively to certain assessment years and prospectively to specified future assessment years. en-us Thu, 24 Apr 2025 00:00:00 +0530 Fri, 25 Apr 2025 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=143524 Notification under clause (46) of section 10 grants tax exemption to Mysore Palace Board for specified receipts: income from the Palace or proceeds of vested property; fees and charges under the Mysore Palace (Acquisition and Transfer) Act forming part of the Board fund; rent from shops/stalls let to Government agencies; and interest on bank deposits. The exemption is conditional on the Board not engaging in commercial activity, maintaining unchanged activities and income character across the relevant years, and filing returns as required under the Act; the notification applies retrospectively to certain assessment years and prospectively to specified future assessment years. Notifications Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=143524