Exemption from specified income U/s 10(46) – ‘Dental Council of India, New Delhi’ notified - 87/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 87/2023 New Delhi, the 6th October, 2023 S.O. 4374(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, Dental Council of India, New Delhi (PAN AAAJD0821E), a body constituted by the Central Government, in respect of the following specified income arising to that body, namely: a) Fees and Subscriptions b) Income from Royalty Publications c) Grant and Subsidies from Government d) Interest Income from bank 2. This notification shall be effective subject to the conditions that Dental Council of India, New 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 for assessment year 2023-2024 relevant to the financial year 2022-2023. [F. No. 300196/39/2022-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.