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Notification No. 127/2021 [F. No. 300196/10/2021-ITA-I] / S.O. 4525(E)


 Notice Date : 29 October 2021

MINISTRY OF FINANCE
(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 127/2021-Income Tax

New Delhi, the 29th October, 2021

S.O. 4525(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, ‘Gujarat State Aids Control Society’ ( PAN AAATG3628A), a Society constituted by the State Government of Gujarat, in respect of the following specified income arising to that Society, namely:-

(a) Grant received from NACO; and

(b) Interest income on (a) above.

2. This notification shall be effective subject to the conditions that Gujarat State AIDS Control Society,-

(a) shall not engage in any commercial activity;

(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and

(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

3. This notification shall be deemed to have been applied for the period from 01-06-2020 to 31-03- 2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023­2024 and 2024-2025.

[Notification No. 127/2021/F. No. 300196/10/2021-ITA-I]

SOURABH JAIN, Under Secy.

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.

 

Guest
on 17 November 2021
Notification No : 127/2021-Income Tax
Published in Income Tax
Source : , https://incometaxindia.gov.in/communications/notification/notification-127-2021.pdf










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