U/s 10(46) of IT Act 1961 - Central Government notifies ‘District Mineral Foundation Trust’ in respect of the specified income arising to that Authority - 103/2021 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 103/2021 New Delhi, the 10th September, 2021 S.O. 3659(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, District Mineral Foundation Trust as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a class of Authority , in respect of the following specified income arising to that Authority, namely :- (a) Contribution by lease Holder to DMF as per the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015; (b) Interest received from lease holders for late payment; (c) Any Penalty charged to lease holder; (d) Income from Interest on fund available under DMF; (e) Interest received on Saving Bank Accounts; and (f) Interest received on Excess Fund invested in Term Deposit. 2. This notification shall be effective subject to the conditions that each of the District Mineral Foundation Trust- (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 financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021 and shall apply with respect to the financial year 2021-2022 in respect of Trusts mentioned in column (2) of the below mentioned schedule. SCHEDULE S.No. (1) Name of DMF Trust (2) State (3) PAN (4) 1. District Mineral Foundation Trust, Balasore Odisha AAAGD2762F 2. District Mineral Foundation Trust, Bhadrak Odisha AAAGD2771A 3. District Mineral Foundation Trust, Boudh Odisha AADTD5623R 4. District Mineral Foundation Trust, Malkangiri Odisha AADTD5248G 5. District Mineral Foundation Trust, Sambalpur Odisha AADTD5287H 6. District Mineral Foundation Trust, Dhenkanal Odisha AADTD5665R 7. District Mineral Foundation Trust, Gajapati Odisha AADTG6485G 8. District Mineral Foundation Trust, Ganjam Odisha AADTD5746R 9. District Mineral Foundation Trust, Kendrapara Odisha AAETK2528F 10. District Mineral Foundation Trust, Mayurbhanj Odisha AAGTM8219H 11. District Mineral Foundation Trust, Nawrangpur Odisha AADTD5586F 12. District Mineral Foundation Trust, Nayagarh Odisha AADTN4597N 13. District Mineral Foundation Trust, Rayagada Odisha AADTD5522D 14. District Mineral Foundation Trust, Subarnapur Odisha ABATS0135K 15. District Mineral Foundation, Cuttack Odisha AADTD5638G 16. District Mineral Foundation Trust, (DMFT), Jagatsinghpur Odisha AADTJ7098N 17. District Mineral Foundation, Kandhamal Odisha AADTD6158R 18. District Mineral Foundation Trust, Khurda Odisha AAETK3056A 19. District Mineral Foundation Trust, Nuapada Odisha AADTD6189J 20. District Mineral Foundation Trust, Puri Odisha AADTD6294Q 21. District Mineral Foundation, Deogarh Odisha AADTD6705A 22. District Mineral Foundation Trust, Kalahandi Odisha AADTD7226N 23. Srikakulam District Mineral Foundation Trust Andhra Pradesh AAZTS8399D 24. District Mineral Foundation Trust, Visakhapatnam Andhra Pradesh AADTD5567A 25. District Mineral Foundation Trust, East Godavari Andhra Pradesh AADTD5558P 26. Guntur District Mineral Foundation Trust Andhra Pradesh AADTG6152G 27. Prakasam District Mineral Foundation Trust Andhra Pradesh AAETP4057C 28. SPSR Nellore District Mineral Foundation Trust Andhra Pradesh AAZTS8057N 29. District Mineral Foundation Trust, Chittoor Andhra Pradesh AADTD5554B 30. YSR District Mineral Foundation Trust Andhra Pradesh AAATY7710R 31. District Mineral Foundation Trust, West Godavari Andhra Pradesh AAAGD2769Q 32. District Mineral Foundation Trust, Ananthapuram Andhra Pradesh AADTD5501E 33. Vizianagaram District Mineral Foundation Trust Andhra Pradesh AADTV3321J 34. District Mineral Foundation Trust Krishna Andhra Pradesh AADTD5632N 35. Kurnool District Mineral Foundation Trust Andhra Pradesh AAETK2399E 36. District Mineral Fund, Gariyabandh Chhattisgarh AAATD1574F 37. Dhamtari District Mineral Foundation Trust Fund Chhattisgarh AADTD5636J 38. Jila Khanij Sansthan Nyas Mahasamund Chhattisgarh AADTJ6253F 39. DMF Rajandgaon Chhattisgarh AAETR0654B 40. District Mineral Foundation Trust Bemetara Chhattisgarh AADTD5628E 41. District Mineral Foundation Trust, Kanker Chhattisgarh AAGAJ4747A 42. District Mineral Foundation Trust, Bijapur Chhattisgarh AAFAD8069E 43. Korba District Mineral Foundation Trust Chhattisgarh AAETK2370B 44. Jashpur District Mineral Foundation Trust Chhattisgarh AADTD6273B 45. District Mineral Foundation- Patan Gujarat AADTD6482C 46. District Mineral Foundation Trust, Godda Jharkhand AADTD5510H 47. District Mineral Foundation Trust, Pakur Jharkhand AADTD5529J 48. Ramgarh Zila Khanij Foundation Trust Jharkhand AAETR0701P 49. District Mineral Foundation Trust, Chatra Jharkhand AADTD5799A 50. Deoghar Zila Khanij Foundation Trust Jharkhand AAAGD2838Q 51. District Mineral Foundation Trust, Ranchi Jharkhand AADTD5593Q 52. District Mineral Foundation Trust, Latehar Jharkhand AABTL9769J 53. District Mineral Foundation Trust, Giridih Jharkhand AADTD5763A 54. District Mineral Foundation Trust, Khunti Jharkhand AADTD5545J 55. District Mineral Foundation Trust, Simdega Jharkhand AAZTS9605C 56. District Mineral Foundation Trust, Jamtara Jharkhand AADTD5888L 57. District Mineral Foundation Trust, Sahibganj Jharkhand AADTD5835H 58. District Mineral Foundation Trust, Billari Karnataka AAETB0767D 59. District Mineral Foundation Trust, Mandya Karnataka AAAGD2786F 60. District Mineral Foundation Trust, Bidar Karnataka AAETB0739K 61. District Mineral Foundation Trust, Chamarajanagar Karnataka AACTC6993N 62. O/o the Senior Geologist, Dept. of Mines and Geology, Gadag Karnataka AADTG6141P 63. District Mineral Foundation Trust, Haveri Karnataka AACTH2495J 64. District Mineral Foundation Trust, Udupi Karnataka AABAU8026E 65. District Mineral Foundation Trust, Uttar Kannada Karnataka AABTU0406D 66. District Mineral Foundation Trust, Hassan Karnataka AADTD5835H 67. District Mineral Foundation Trust, Mysuru Karnataka AAGTM8545C 68. District Mineral Foundation Trust, Bijapur Karnataka AADTD5808N 69. District Mineral Foundation Trust, Kolar Karnataka AAGK1131K 70. District Mineral Foundation Trust, Damoh Madhya Pradesh AAALD3040P 71. DMF Singrauli Madhya Pradesh AADTD5609B 72. DMF Balaghat Madhya Pradesh AAAGD2836A 73. DMF, Chhindwara Madhya Pradesh AAAGD2844N 74. DMF, Rewa Madhya Pradesh AADTD5846L 75. Satna Jila Khanij Pratishthan Madhya Pradesh AAAGS7367F 76. DMF, Shahdol Madhya Pradesh AAAGS7108C 77. Jila Khanij Pratishthan, Narsinghpur Madhya Pradesh AADTJ6429R 78. Anuppur District Mineral Establishment Madhya Pradesh AAHTA9656M 79. DMF CEO Zila Panchayat Madhya Pradesh AAAGD2818L 80. DMF Chhatarpur Madhya Pradesh AADTD5639H 81. DMF Dhar Madhya Pradesh AAAGD2819M 82. Sidhi Jila Khanij Pratishthan Madhya Pradesh AAAGS7606H 83. District Mineral Foundation, Mumbai (Sub) Maharashtra AADTD5513E 84. Jalgaon Jilha Khanij Pratishthan Maharashtra AADTJ6217D 85. Zilla Khanij Pratishthan, Solapur Maharashtra AAATZ2473L 86. District Mineral Foundation, Parbhani Maharashtra AADTD5495R 87. Zila Khanij Pratishthan, Osmanabad Maharashtra AAATZ2478B 88. District Mineral Foundation, Amravati Maharashtra AADTD5543Q 89. District Mineral Foundation, Wardha Maharashtra AADTD5497P 90. District Mineral Foundation Trust, Palghar Maharashtra AADTD5796R 91. District Mineral Foundation Trust, Raigad Maharashtra AAAGD2783A 92. District Mineral Foundation Trust, Sindhudurg Maharashtra AAAGS7175M 93. District Mineral Foundation Trust, Dhule Maharashtra AADTD5874E 94. District Mineral Foundation Trust, Ahmadnagar Maharashtra AADTD5748B 95. District Mineral Foundation Trust, Pune Maharashtra AAATZ2552J 96. District Mineral Foundation Trust, Kolhapur Maharashtra AADTD5767E 97. District Mineral Foundation Trust, Aurangabad Maharashtra AAATZ2546E 98. District Mineral Foundation Trust, Washim Maharashtra AAAGD2796M 99. District Mineral Foundation Trust, Yavatmal Maharashtra AAAGD2766B 100. District Mineral Foundation Trust, Chandrapur Maharashtra AAATZ2482K 101. District Mineral Foundation Trust, Hingoli Maharashtra AAAGD2781C 102. District Mineral Foundation Trust, Jalna Maharashtra AAAGD2776H 103. Jhunjhunu DMFT Rajasthan AADTJ6242N 104. Dausa DMFT Rajasthan AAAGD2805F 105. Sirohi DMFT Rajasthan AAZTS8691L 106. Jalore DMFT Rajasthan AAAGD2765C 107. Sriganganagar DMFT Rajasthan AAAGG5500L 108. Churu DMFT Rajasthan AADTD5485B 109. Bundi DMFT Rajasthan AADTD5468J 110. Jhalawar DMFT Rajasthan AADTD5473F 111. Baran DMFT Rajasthan AADTD5472E 112. Udaipur DMFT Rajasthan AABTU0416B 113. Banswara DMFT Rajasthan AADTD5463D 114. Dungarpur DMFT Rajasthan AAAGD2802C 115. Pratapgarh DMFT Rajasthan AAETP4282H 116. Ajmer DMFT Rajasthan AAHTA9269J 117. Hanumangarh DMFT Rajasthan AAAGH0936H 118. Jaipur DMFT Rajasthan AADTD5484A 119. Sikar DMFT Rajasthan AAZTS8632H 120. Tonk DMFT Rajasthan AADTT8643F 121. Barmer DMFT Rajasthan AAAGB1070L 122. Kota DMFT Rajasthan AAETK3179J 123. Bhilwara DMFT Rajasthan AAETB1366Q 124. Chittorgarh DMFT Rajasthan AACTC7245H 125. Dholpur DMFT Rajasthan AAALD3180A 126. Rajsamand DMFT Rajasthan AAETR1278D 127. District Mineral Foundation Trust, Vellore Tamil Nadu AADTV2703N 128. Kancheepuram District Mineral Foundation Trust Tamil Nadu AAETK2413R 129. District Mineral Foundation Trust, Thiruvannamalai Tamil Nadu AADTT8173C 130. Assistant Director, Dept. of Geology and Mining, Collector Office, Sivaganga Tamil Nadu AAZTS8212P 131. District Mineral Foundation Trust, Hyderabad Telangana AADTD5496N 132. District Mineral Foundation Trust, Nagarkurnool Telangana AAAGD2767A 133. District Mineral Foundation Trust, Mulugu Telangana AAAGD2822G 134. District Mineral Foundation Trust, Mahabubnagar Telangana AADTD6334R 135. Department of Mines Geology, Hyderabad District Telangana AAAGD2228Q 136. Zila Khanij Foundation Nyash Haridwar Uttarakhand AAATZ2519B 137. District Mineral Foundation Trust Tehri Uttarakhand AADTD5574F 138. District Mineral Foundation Trust, Uttarkashi Uttarakhand AADTD5573C 139. Zila Khanij Foundaton Nyash Chamoli Uttarakhand AAATZ2510J 140. Zila Khanij Foundation Nyash Rudrayaprag Uttarakhand AAATZ2509D 141. District Mineral Foundation Turst (DMFT) Nainital Uttarakhand AADTD5650J 142. District Mineral Foundation Trust (DMFT) Udhamsingh Nagar Uttarakhand AAFAD9084K 143. Zila Khanij Foundation Nyash Champawat Uttarakhand AABTU0448F 144. Zila Khanij Foundation Nyash Pithoragarh Uttarakhand AABTU0449E 145. District Mineral Foundation Trust Saharanpur Uttar Pradesh AADTD6422A 146. Zila Khanij Foundation Nyas Kheri Uttar Pradesh AAAGJ0491D 147. Jila Khanij Foundation Nyas Sitapur Uttar Pradesh AAAGJ0495H 148. Jila Khanij Foundation Nyas Shamli Uttar Pradesh AAAGJ0498L 149. Jila Khanij Foundation Nyas Moradabad Uttar Pradesh AAAGZ2914H 150. Jila Khanij Foundation Nyas Ghazipur Uttar Pradesh AAAGZ2913A 151. Jalaun District Mineral Foundation Trust Uttar Pradesh AADTJ7285K 152. Kannauj Khanij Foundation Trust Uttar Pradesh AAAGK0499L 153. District Mineral Foundation Trust Balrampur Uttar Pradesh AADTD6269K 154. Zila Khanij Foundation Nyas Gonda Uttar Pradesh AAATZ2533R 155. District Mineral Foundation Trust Faizabad Uttar Pradesh AADTD6268J 156. District Mineral Foundation Trust Basti Uttar Pradesh AADTD6267H 157. Zila Khanij Foundation Nyas Azamgarh Uttar Pradesh AAAAZ3496L 158. Zila Khanij Foundation Nyas Bareilly Uttar Pradesh AADTJ7042G 159. Zila Khanij Foundation Nyas Fatehpur Uttar Pradesh AADTJ7071K 160. District Mineral Foundation Trust Auraiya Uttar Pradesh AADTD6335Q 161. District Mineral Fund Mathura Uttar Pradesh AADTD6330M 162. Ghaziabad District Mineral Foundation Trust Uttar Pradesh AADTG6974A 163. Zila Khanij Foundation Nidhi Mainpuri Uttar Pradesh AADTJ7164K 164. Zila Khanij Foundation Nyas Firozabad Uttar Pradesh AAATZ2541D 165. Paschim Bhardhaman District Mineral Foundation West Bengal AADTP8830C [F. No.300196/36/2017-ITA-I] SOURABH JAIN, Under Secy. Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification.