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 SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - CHANDIGARH STATE AIDS CONTROL SOCIETY

NOTIFICATION NO. 77/2013 [F.NO.196/59/2012-ITA.I]/SO 2913(E), DATED 25-9-2013

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Chandigarh State AIDS Control Society a body established by the Chandigarh Administration in respect of the following specified income arising to the said Society, namely:-

(a)

 

amount received in the form of grants-in-aid from Central Government;

(b)

 

interest earned on grants-in-aid.

2. This notification shall be deemed to have been applied for the financial years 2011-12 and 2012-13 and shall respectively be applicable for the financial years 2013-14, 2014-15 and 2015-16.

3. The notification shall be effective subject to the following conditions, namely:-

(a)

 

the Chandigarh State AIDS Control Society does not engage in any commercial activity;

(b)

 

the activities and the nature of the specified income of the Chandigarh State AIDS Control Society remain unchanged throughout the financial year; and

(c)

 

the Chandigarh State AIDS Control Society files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.

4. The grants received by the said Society shall be received and applied in accordance with the prevailing rules and regulations