Exemption from specified income U/s 10(46) - notifies Central Board of Secondary Education, Delhi a Board constituted by the Central Government. - 20/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 20/2023 New Delhi, the 10th April, 2023 S.O. 1690(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. 1 [ This notification shall be deemed to have been applied for the financial year 2020-2021 to financial year 2024-2025 relevant to the assessment year 2021-2022 to assessment year 2025-2026. ] [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. **************** NOTES:- 1. Substituted vide NOTIFICATION NO. 14/2024 dated 23-01-2024 before it was read as, This notification shall be deemed to be applied for the period from 01-06-2020 to 31-03-2021 in the financial year 2020-2021 and shall apply from the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.