U/s 10(42) of the Income-tax Act, 1961 - Central Government notifies ‘International Sericultural Commission’ a body constituted by the Central Government in respect of the specified income arising to the said body - 46/2019 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 46/2019 New Delhi, the 20th June, 2019 S.O. 2006(E).- In exercise of the powers conferred by clause (42) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, for the purposes of the said clause, International Sericultural Commission , Bengaluru, (PAN:AAAGI0020F) a body constituted under a treaty entered into by the Central Government, in respect of the following specified income arising to the said body, namely:- (a) Membership Fee received from Member Countries and Associate Members; (b) donations or grants received from United Nations, Inter-Governmental agencies, and Government of Member countries; (c) registration fees for participating in international events organised by International Sericultural Commission; and (d) interest earned on (a) to (c) above. 2. This notification shall be deemed to have been applied for the assessment year 2014-15 and subsequent assessment years. [F.No. 197/10/2014-ITA-I] RAJARAJESWARI R., Under Secy. Explanatory Memorandum: It is hereby certified that no person is likely to be prejudicially affected by this notification being given retrospective effect.