Exemptions u/s 10(46) to any Statutory Body/Authority/Board/Commission/ Notified Body or Authority - Tripura State Aids Control Society notified

NOTIFICATION NO.87/2013 [F.NO.196/86/2012-ITA.I] Dated 06-11-2013

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, the Tripura State AIDS Control Society a body constituted by the Government of Tripura in respect of the following specified income arising to that Society, namely:-

"Amount received in the form of grants-in-aid from the Central Government."

2. This notification shall be deemed to have been applied for the financial years 2011-2012 and 2012-2013 and shall be applicable for the financial years 2013-2014, 2014-2015 and 2015-2016.

3. The notification shall be effective subject to the following conditions, namely:—

(a) the Tripura State AIDS Control Society does not engage in any commercial activity;

(b) the activities and the nature of the specified income of the Tripura State AIDS Control Society remain unchanged throughout the financial year; and

(c) the Tripura State AIDS Control Society files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.

4. The grants received by the said society shall be received and applied in accordance with the prevailing rules and regulations.