Income of Tamil Nadu e-Governance Agency Exempted u/s 10(46). CBDT Notification

Income of Tamil Nadu e-Governance Agency Exempted for five years from AY 2019-20 to 2023-24 u/s 10(46) of Income Tax Act, 1961

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 50/2020

New Delhi, the 21st July, 2020

S.O. 2403(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, ‘Tamil Nadu e-Governance Agency’, an agency formed by the State Government of Tamil Nadu, in respect of the following specified income arising to that Authority, namely:-

(a) Amount received in the form of recurring contributions/Grants-in-aid from Governments including Government of Tamil Nadu and specified authorities, if any, towards current operational expenditure;

(b) Service charges received through Common Service Centre’s for offering online services to citizens;

(c) Service charges for the software development projects and IT consultancies rendered for Other State Government Departments/Public Sector Undertakings/Statutory Boards and interest earned on sources of funds received in advance, pending disbursements, from time to time towards various projects sponsored;

(d) Dividend received from CSC e-Governance Services India Limited (CSC-SPV);

(e) Admin cost on PEC grants released by UIDAI to enrolment Agencies through Tamil Nadu e-Governance Agency which is functioning as enrolment Registrar;

(f) Revenue sharing on conducting online examination for other State Government Departments/Public Sector Undertakings/ Statutory Boards;

(g) Any other income that may arise in future incidental to/furtherance of the objects of the society; and (h)Interest earned on (a) to (g) above.

2. This notification shall be effective subject to the conditions that Tamil Nadu e-Governance Agency, Chennai Authority,-

(a) shall not engage in any commercial activity;

(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and

(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

(d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

3.This notification shall be deemed to have been applied for the assessment year 2019-2020 and shall apply with respect to the assessment years 2020-2021, 2021-2022, 2022-2023 and 2023-2024.

[F.No.300196/74/2018-ITA-I]

GULZAR AHMAD WANI, Under Secy.

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