Quick Summary
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st May, 2020 S.O. 1563(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, Kerala Cooperative Development and Welfare Fund Board, Trivandrum (PAN AACTT3875A), a Board constituted by the Government of Kerala, in respect of the following specif
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Notice & Circular Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
This notification notifies that the Kerala Cooperative Development and Welfare Fund Board is exempt from certain income taxes under the Income-tax Act, 1961.
The exemption covers Membership Fees, Annual Renewal Fees, Risk Fund Contribution and Assistance, and interest earned on these amounts.
The Board must not engage in commercial activity, its activities and income nature must remain unchanged, and it must file income tax returns and audit reports as specified.
This notification applies to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024.
The notification was issued by the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes).
CAclubindia
Source : https://www.incometaxindia.gov.in/communications/notification/notification_26_2020.pdf