Karnataka State Natural Disaster Monitoring Centre (PAN: ...

Karnataka State Natural Disaster Monitoring Centre exempted from income tax on specified income like govt grants, data sharing.

Notifications Income Tax

August 9, 2024

Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), a body constituted by State Government of Karnataka, is exempted from income tax u/s 10(46) of Income Tax Act, 1961 on specified income comprising grants from State/Central Government, income from data sharing activities, and interest on bank deposits. Exemption is subject to conditions of non-engagement in commercial activities, unchanged nature of specified income and activities, and filing of income tax returns. Exemption is applicable retrospectively for assessment years 2021-2022 to 2023-2024 and prospectively for 2024-2025 and 2025-2026.

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Karnataka State Natural Disaster Monitoring Centre (PAN: ...

Karnataka State Natural Disaster Monitoring Centre exempted from income tax on specified income like govt grants, data sharing.

Notifications Income Tax

August 9, 2024

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