CBDT notifies exemption u/s 10(46) to ‘Gujarat State Aids Control Society

30 October 2021

CBDT notifies exemption u/s 10(46) to ‘Gujarat State Aids Control Society

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The Central Board of Direct Taxes (CBDT) vide its Notification No 127/2021 [S.O. 4525(E)] dated 29th October 2021 notifies the exemption under section 10(46) of the Income Tax Act, 1961 to ‘Gujarat State Aids Control Society’.


(Department of Revenue)
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, 2023-2024 and 2024-2025.

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

Explanatory Memorandum

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

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