Exemption from specified income U/s 10(46) – Notifies ‘Swasthya Sathi Samiti’ a body established by Government of West Bengal - 69/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 69/2023 New Delhi, the 23rd August, 2023 S.O. 3783(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, Swasthya Sathi Samiti , Kolkata(PAN: AAQAS4322J), a body established by Government of West Bengal, in respect of the following specified income arising to that Body, namely: (a) Grant received from the Government of West Bengal; and (b) Interest income received from bank. 2. This notification shall be effective subject to the conditions that Swasthya Sathi Samiti, Kolkata,- (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 for Assessment Year 2022-2023 relevant to financial year 2021-2022 and shall apply with respect to Assessment Years 2023-2024 to 2026-2027relevant to the financial years 2022-2023 to 2025-2026 respectively. [F. No. 300196/36/2021-ITA-I] VIKAS SINGH, Director (ITA-I) Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification.