Mad. HC: Can Attach Properties Purchased Prior to Offence if Criminal Activity Held Outside Country  ||  Ker. HC: The Term ‘Dumb’ Now Considered as Ethically and Technically Inaccurate  ||  SC: If Construction of Building Essential for Carrying Supplying Services, it Can be Held as a Plant  ||  SC Sets Aside Judgements Holding that TOLA Won’t Extend Time for Issuing Notices for Re-Assessment  ||  Supreme Court Strikes Down Khalsa University (Repeal) Act, 2017  ||  SC: Criminal Cases Having Civil Character Should be Quashed When Parties Resolved Disputes  ||  SC: Tendency to Treat Members of Denotified Tribes as Habitual to Crime Reinforces a Stereotype  ||  Raj. HC: Protecting Children's Right is Not Just a Legal Obligation, It's a Moral Imperative  ||  Cal. HC: 90 Day Timeline for Completion of Arbitral Proceedings Under MSME Act is Directory  ||  All. HC: Application u/s 34 Can’t be Dismissed for Non-Filing of Certified Copy if Explanation Given    

Central Government notifies National Mission for Clean Ganga for the purposes of clause (46) of section 10 of the Income-tax Act, 1961- (Ministry of Finance ) (26 Mar 2024)

MANU/CBDT/0023/2024

Direct Taxation

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, 'National Mission for Clean Ganga', New Delhi (PAN AABAN3769K), an Authority constituted under the River Ganga (Rejuvenation, Protection and Management) Authority Order, 2016, in respect of the following specified income arising to that Authority, namely:

(a) Grants-in-Aid received from Government of India; and

(b) Interest earned on bank deposits.

2. This notification shall be effective subject to the conditions that National Mission for Clean Ganga, New Delhi-

(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 years 2021-2022, 2022-2023 and 2023-2024 relevant for the financial years 2020-2021, 2021-2022 and 2022-2023 respectively.

Tags : NATIONAL MISSION   CLEAN GANGA   AUTHORITY  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved