Exemption from specified income U/s 10(46) - Central Board of Secondary Education, Delhi a Board constituted by the Central Government Notified. - 19/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 19/2023 New Delhi, the 10th April, 2023 S.O. 1689(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, Central Board of Secondary Education , Delhi (PAN AAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely: (a) Examination Fees; (b) Affiliation Fees; (c) Sale of Text Books Publications; (d) Registration fees, Sports fees, Training fees and Other Academic receipts; (e) Receipts from CBSE Projects/Programmes; (f) Interest on income tax refunds; and (g) Interest earned on (a) to (f) above. 2. This notification shall be effective subject to Central Board of Secondary Education, Delhi:- (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 . 3. This notification shall be deemed to have been applied with respect to the financial year2013-2014. [F.No. 196/19/2014-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.