Notification
No. 17/2014, F.NO.196/53/2012-ITA.I, dated 20th March, 2014
S.O.
861(E). -
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 Andhra Pradesh State AIDS Control
Society a body constituted by the Government of Andhra Pradesh in respect
of the following specified income arising to that Society, namely:—
“Amount received in the form of grants-in-Aid from the Government
of India.”
2. This notification shall be deemed
to apply for the period 01.06.2011 to 31.03.2013 and shall apply with respect
to the Financial Years 2013-14, 2014-15 and 2015-16.
3. This notification shall be
effective subject to the following conditions, namely:—
(a) the Andhra Pradesh State AIDS Control Society does
not engage in any commercial activity;
(b) the activities and the nature of die specified income
of the Andhra Pradesh State AIDS Control Society remain unchanged throughout
the financial year; and
(c) the Andhra Pradesh State AIDS Control Society files return
of income in accordance with the provisions of clause (g) of sub-section (4C)
of 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.
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