Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Madhya Pradesh State AIDS Control Society” a body constituted by the Government of Madhya Pradesh in respect of the following specified income arising to that Society - 9/2016 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 09/2016 New Delhi, the 25th February, 2016 S.O. 595(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 Madhya Pradesh State AIDS Control Society a body constituted by the Government of Madhya Pradesh in respect of the following specified income arising to that Society, namely:- (a) amount received in the form of grants-in-aid from the Government of India; and (b) interest earned on such grants-in-aid. 2. This notification shall be deemed to apply for the period 01.06.2011 to 31.03.2013 and shall apply with respect to the Financial Years 2013-14, 2014-15 and 2015-16. 3. The notification shall be effective subject to the following conditions, namely:- (a) the Madhya Pradesh State AIDS Control Society does not engage in any commercial activity; (b) the activities and the nature of the specified income of the Madhya Pradesh State AIDS Control Society remain unchanged throughout the financial year; and (c) the Madhya Pradesh 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 society shall be received and applied in accordance with the prevailing rules and regulations. [F. No. 196/73/2012-ITA.I] DEEPSHIKHA SHARMA, Director