Exemption from specified income U/s 10(46) – Notifies ‘Rajasthan State Dental Council’ a body constituted by the Government of Rajasthan - 74/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 74/2023 New Delhi, the 1st September, 2023 S.O. 3863(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, Rajasthan State Dental Council (PAN AABAR7223E), a body constituted by the Government of Rajasthan, in respect of the following specified income arising to that body, namely: a) sale of application form; b) renewal fees of Dentist, Dental Hygienist Mechanic; c) fees of good standing; d) Dentist provisional registration fees; e) Additional qualification fees; f) late fees; g) no objection certificate fees; h) re-issue of certificate fees (duplicate certificate fees); i) Continuing Dental Education Programme fees; and j) interest income on (a) to (i) above 2. This notification shall be effective subject to the conditions that Rajasthan State Dental Council, Jaipur:- (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 years 2022-2023 and 2023-2024 relevant to the financial years 2021-2022 and 2022-2023 respectively. [F. No. 300196/3/2023-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.