Income Tax

International Sericultural Commission Bengaluru income exempted by CBDT from AY 2014-15

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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