Gujarat State Aids Control Society notified under section 10
Gujarat State Aids Control Society notified under clause (46) of section 10 of the Income-tax Act, 1961- NOTIFICATION
S.O. 4525(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, ‘Gujarat State Aids Control Society’ (PAN AAATG3628A), a Society constituted by the State Government of Gujarat, in respect of the following specified income arising to that Society, namely:-
(a) Grant received from NACO; and
(b) Interest income on (a) above.
- This notification shall be effective subject to the conditions that Gujarat State AIDS Control Society,-
(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. - This notification shall be deemed to have been applied for the period from 01-06-2020 to 31-03-2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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