International Sericultural Commission Bengaluru income exempted by CBDT. Specified incomes exempted from assessment year 2014-15 onwards.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 46/2019
New Delhi, the 20th June, 2019
S.O.2006(E).—In exercise of the powers conferred by clause (42) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, for the purposes of the said clause, ‘International Sericultural Commission’, Bengaluru, (PAN:AAAGI0020F) a body constituted under a treaty entered into by the Central Government, in respect of the following specified income arising to the said body, namely:-
(a) Membership Fee received from Member Countries and Associate Members;
(b) donations or grants received from United Nations, Inter-Governmental agencies, and Government of Member countries;
(c) registration fees for participating in international events organised by International Sericultural Commission; and
(d) interest earned on (a) to (c) above.
2. This notification shall be deemed to have been applied for the assessment year 2014-15 and subsequent assessment years.
[F.No. 197/10/2014-ITA-I]
RAJARAJESWARI R., Under Secy.
Explanatory Memorandum: It is hereby certified that no person is likely to be prejudicially affected by this notification being given retrospective effect.
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