Section 10(46) of the Income-tax Act, 1961 – Central Government notifies "Karnataka State Rural Livelihood Promotion Society", a body constituted by the Government of Karnataka in respect of the certain specified income arising to the said body - 64/2015 - 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. 64/2015 New Delhi, the 13 th August, 2015 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, Karnataka State Rural Livelihood Promotion Society , a body constituted by the Government of Karnataka in respect of the following specified income arising to the said body, namely:- (a) amount received in the form of grants from the Government of India; (b) amount received in the form of grants from the Government of Karnataka; and (c) Interest earned on bank deposits. 2. This notification shall be effective subject to the conditions that the Karnataka State Rural Livelihood Promotion Society - (a) Shall not engage in any commercial activity; (b) Its activities and the nature of the specified income remain unchanged throughout the financial years; and (c) Files 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 he applicable for the financial years 2013-14 to 2017-18. [F.No.196/12/2014-ITA-I] DEEPSHlKHA SHARMA Director to the Government of India