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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:-
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(a)
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amount received in the form of grants-in-aid from Central Government;
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(b)
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interest earned on grants-in-aid.
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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:-
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(a)
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the Chandigarh State AIDS Control Society does not engage in any commercial activity;
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(b)
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the activities and the nature of the specified income of the Chandigarh State AIDS Control Society remain unchanged throughout the financial year; and
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(c)
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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.
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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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