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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th July, 2021 S.O. 2827(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, Himachal Pradesh Computerization of Police Society, (PAN AABAH0360G), a body established by the State Government of Himachal Pradesh, in respect of the following specified incom
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1999
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3499
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4999
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FAQ :
This notification grants income tax exemption to the 'Himachal Pradesh Computerization of Police Society' under clause (46) of section 10 of the Income-tax Act, 1961.
The exemption covers amounts received as grant-in-aid and interest accrued on grant-in-aid deposited in the society's account.
The society must not engage in commercial activity, its activities and income nature must remain unchanged, and it must file its income tax return and audit report as specified.
The notification is deemed effective for financial years 2018-2019, 2019-2020, and 2020-2021, and applies to financial years 2021-2022 and 2022-2023.
An explanatory memorandum certifies that no person is adversely affected by the retrospective effect given to this notification.
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Source : https://www.incometaxindia.gov.in/communications/notification/notification_81_2021.pdf