Notification under section 10 sub section 46 of Income tax Act 1961 in case of E Governance Society, Department of Food, Civil Supplies and Consumer Affairs, Himachal Pradesh

Last updated: 02 September 2023

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The Central Board of Direct Taxes has issued a notification granting income tax exemption under Section 10(46) of the Income Tax Act, 1961, to the E-Governance Society of the Department of Food, Civil Supplies and Consumer Affairs, Himachal Pradesh. This exemption applies to specific income sources like government grants, interest on investments, fees, and scrap sales. The notification is effective from the assessment year 2023-2024, covering the financial year 2022-2023.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 1st September, 2023

S.O. 3864(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, ‘E-Governance Society, Department of Food, Civil Supplies and Consumer Affairs, Himachal Pradesh, a body constituted / established by the state Government of Himachal Pradesh in respect of the following specified income arising to that body, namely:

a) Grant received from central government;
b) Grants received from state government;
c) Interest received on investment and grants;
d) Tender/ application fees;
e) Sale of scrap/waster paper; and
f) Recovery for POS machine issued.

2. This notification shall be effective subject to the conditions that E-Governance Society, Department of Food, Civil Supplies and Consumer Affairs, Himachal Pradesh,-

(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 2023-2024 relevant for the financial year 2022-2023.

[Notification No. 75 /2023 F.No. 300196/66/2018-ITA-I]
VIKAS SINGH, Director, (ITA-I)

FAQ :

This notification grants income tax exemption to the E-Governance Society, Department of Food, Civil Supplies and Consumer Affairs, Himachal Pradesh, under Section 10(46) of the Income Tax Act, 1961.

The exemption covers grants received from the central and state governments, interest on investments and grants, tender/application fees, sale of scrap/waste paper, and recovery for POS machines issued.

Yes, the E-Governance Society must not engage in any commercial activity, its activities and income sources must remain unchanged, and it must file its return of income as per Section 139(4C)(g) of the Income Tax Act.

This notification is deemed to have been applied for the assessment year 2023-2024, which is relevant for the financial year 2022-2023.