SECTION 10(46) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – STATUTORY BODY/AUTHORITY/BOARD/COMMISSION – NOTIFIED BODY OR AUTHORITY – ANDHRA PRADESH STATE AIDS CONTROL SOCIETY
NOTIFICATION NO. S.O. 861(E) [NO. 17/2014 (F. NO. 196/53/2012-ITA.I)], DATED 20-3-2014
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, the Andhra Pradesh State AIDS Control Society a body constituted by the Government of Andhra Pradesh in respect of the following specified income arising to that Society, namely:—
“Amount received in the form of grants-in-Aid from the Government of India.”
2. This notification shall be deemed to apply for the period 01.06.2011 to 31.03.2013 and shall apply with respect to the Financial Years 2013-14,2014-15 and 2015-16.
3. This notification shall be effective subject to the following conditions, namely:—
|(a)||the Andhra Pradesh State AIDS Control Society does not engage in any commercial activity;|
|(b)||the activities and the nature of die specified income of the Andhra Pradesh State AIDS Control Society remain unchanged throughout the financial year; and|
|(c)||the Andhra Pradesh State AIDS Control Society files return of income in accordance with the provisions of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.|
4. The grants received by the said Society shall be received and applied in accordance with the prevailing rules and regulations.