Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Karnataka to constitute “Karnataka Computerisation of Police Society” - 87/2014 - Income Tax

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Notification No. 87/2014 New Delhi, the 23 December, 2014 S.O. (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, the Karnataka Computerisation of Police Society , a body constituted by the Government of Karnataka, in respect of the following specified income arising to that Society, namely:- (a) amount received in the form of grants-in-aid from Government of India; (b) interest earned on grants-in aid from Government of India. 2. This notification shall be applicable for financial years 2013-14 to 2017-18. 3. The notification shall be subject to the. following conditions that Karnataka Computerisation of Police Society: (a) shall not engage in any commercial activity; (b) its activities and the nature of the specified income remain unchanged throughout the financial year; and (c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act . [F. No. 196/20/2013-ITA.1] (Deepshikha Sharma) Director to the Govt. of India