Quick Summary
The Central Board of Direct Taxes (CBDT) has issued two key notifications under Section 10(46) of the Income-tax Act, 1961, exempting specified income of entities in the legal and aviation sectors from taxation. Notification No. 119/2024 This notification grants income tax exemption to the District Legal Service Authorities (DLSAs) in Haryana. Formed under the Legal Services Authorities Act, 1987, these entities will not be taxed on the following types of income: Grants received from the
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FAQ :
District Legal Service Authorities (DLSAs) in Haryana have been granted income tax exemptions.
Exempted income includes grants from the High Court, NALSA, and State Legal Services Authority, government grants or donations, court-ordered payments, recruitment fees, and interest on bank deposits.
DLSAs must not engage in commercial activities, maintain the nature of their income and activities, and file income tax returns as required.
The National Aviation Security Fee Trust (NASFT) has been granted income tax exemptions.
Exempted income includes grants, subsidies, or receipts approved by the Ministry of Civil Aviation, aviation security fees, funds from escrow accounts for passenger service fees, and interest on bank deposits.
The NASFT must not engage in commercial activities, maintain consistent activities and income structure, and file returns as required.
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