Notification No. 50/2020 [F. No. 300196/74/2018-ITA-I] / SO 2403(E)

Last updated: 23 July 2020

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The Central Board of Direct Taxes has issued a notification granting income tax exemption to the Tamil Nadu e-Governance Agency. This exemption applies to specific income sources, including recurring contributions, service charges for online services, software development projects, dividends from CSC e-Governance Services India Limited, and administrative costs on grants. The notification is effective from the assessment year 2019-2020 up to 2023-2024, subject to certain conditions.

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

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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FAQ :

This notification notifies the 'Tamil Nadu e-Governance Agency' for the purposes of clause (46) of section 10 of the Income-tax Act, 1961, granting it specific income tax exemptions.

The notification covers income from recurring contributions/grants, service charges for online services, software development projects, dividends from CSC e-Governance Services India Limited, admin costs on PEC grants, revenue sharing on online examinations, and any other incidental income, as well as interest earned on these.

The agency must not engage in commercial activity, its activities and income nature must remain unchanged, and it must file its return of income and an audit report with a chartered accountant's certificate confirming compliance.

This notification is deemed to have been applied for the assessment year 2019-2020 and applies to assessment years 2020-2021, 2021-2022, 2022-2023, and 2023-2024.