Notified Body or Authority - Uttarakhand State Aids Control Society

Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/Authority/Board/Commission - Notified Body or Authority -Uttarakhand State Aids Control Society

Notification No. 55/2013, [F.NO.196/88/2012-ITAT.I]/SO 2268(E), dated 23-07-2013

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 Uttarakhand State AIDS Control Society a body established by the Government of Uttarakhand in respect of the following specified income arising to the said Society, namely: -

(a) amount received in the form of grants-in-aid from the Government of India; and

(b) interest earned on grants-in-aid from the Government of India.

2. This notification shall be deemed to have been applied for the financial years 2011-2012, 2012-2013 and shall applicable for the financial years 2013-2014, 2014-2015 and 2015-2016.

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

(a) the Uttarakhand State AIDS Control Society does not engage in any commercial activity;

(b) the activities and the nature of the specified income of the Uttarakhand State AIDS Control Society remain unchanged throughout the financial year; and

(c) the Uttarakhand 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 from various international development agencies shall be received and applied in accordance with the prevailing rules and regulations.

Source:Income Tax Department- India.