Exemption from specified income U/s 10(46) of IT Act 1961 – ‘Central Silk Board, Bengaluru’

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..... 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Central Silk Board, Bengaluru (PAN: AAALC0093M), a Board constituted by the Central Government under the Central Silk Board Act, 1948, in respect of the following specified income arising to that Board, namely: (a) Grants/Funds received from the Centre/State/NGO or any other St .....

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..... conditions that Central Silk Board, Bengaluru- (a) shall not engage in any commercial activity; (b) its activities and the nature of the specified income shall remain unchanged throughout the financial year; 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 applicable for .....

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