U/s 10(46) of IT Act 1961 - Central Government notifies "Tamil Nadu e-Governance Agency" an agency formed by the State Government of Tamil Nadu in respect of the specified income arising to that Authority - 50/2020 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 50/2020 New Delhi, the 21st July, 2020 S.O. 2403(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, Tamil Nadu e-Governance Agency , an agency formed by the State Government of Tamil Nadu, in respect of the following specified income arising to that Authority, namely:- (a) Amount received in the form of recurring contributions/Grants-in-aid from Governments including Government of Tamil Nadu and specified authorities, if any, towards current operational expenditure; (b) Service charges received through Common Service Centre s for offering online services to citizens; (c) Service charges for the software development projects and IT consultancies rendered for Other State Government Departments/Public Sector Undertakings/Statutory Boards and interest earned on sources of funds received in advance, pending disbursements, from time to time towards various projects sponsored; (d) Dividend received from CSC e-Governance Services India Limited (CSC-SPV); (e) Admin cost on PEC grants released by UIDAI to enrolment Agencies through Tamil Nadu e-Governance Agency which is functioning as enrolment Registrar; (f) Revenue sharing on conducting online examination for other State Government Departments/Public Sector Undertakings/Statutory Boards; (g) Any other income that may arise in future incidental to/furtherance of the objects of the society; and (h) Interest earned on (a) to (g) above. 2. This notification shall be effective subject to the conditions that Tamil Nadu e-Governance Agency, Chennai Authority,- (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and (c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961 . (d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied. 3. This notification shall be deemed to have been applied for the assessment year 2019-2020 and shall apply with respect to the assessment years 2020-2021, 2021-2022, 2022-2023 and 2023-2024. [F. No. 300196/74/2018-ITA-I] GULZAR AHMAD WANI, Under Secy.