Notification under clause 46 of section 10 of the Income tax Act 1961 in case of Swasthaya Samiti Kolkata

Last updated: 26 August 2023

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The Central Government has notified Swasthya Sathi Samiti, Kolkata, a body established by the Government of West Bengal, for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961. This exemption applies to grants received from the West Bengal Government and interest income from banks. The notification is effective from Assessment Year 2022-2023 to 2026-2027, provided the Samiti does not engage in commercial activities, maintains the nature of its income, and files its income tax returns.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 23rd August, 2023

S.O. 3783(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, ‘Swasthya Sathi Samiti’, Kolkata(PAN: AAQAS4322J), a body established by Government of West Bengal, in respect of the following specified income arising to that Body, namely:
(a) Grant received from the Government of West Bengal; and
(b) Interest income received from bank.

2. This notification shall be effective subject to the conditions that Swasthya Sathi Samiti, Kolkata,-
(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 Assessment Year 2022-2023 relevant to financial year 2021-2022 and shall apply with respect to Assessment Years 2023-2024 to 2026-2027relevant to the financial years 2022-2023 to 2025-2026 respectively.

[Notification No. 69/2023/ F. No. 300196/36/2021-ITA-I]
VIKAS SINGH, Director (ITA-I)

FAQ :

The notification grants income tax exemption to Swasthya Sathi Samiti, Kolkata, under clause (46) of section 10 of the Income-tax Act, 1961.

The exemption covers grant received from the Government of West Bengal and interest income received from banks.

The Swasthya Sathi Samiti must not engage in any commercial activity, its activities and income nature must remain unchanged, and it must file its return of income as per the Income-tax Act.

The notification is deemed effective from Assessment Year 2022-2023 (Financial Year 2021-2022) and applies to Assessment Years 2023-2024 to 2026-2027 (Financial Years 2022-2023 to 2025-2026).

Swasthya Sathi Samiti, Kolkata, was established by the Government of West Bengal.