TRUST – EXEMPTION FROM SPECIFIED INCOME
NOTIFICATION S.O. 1690(E) [NO. 20/2023/F.NO.196/19/2014-ITA-I], DATED 10-4-2023
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, ‘Central Board of Secondary Education’, Delhi (PAN AAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:—
| (a) | Examination Fees; | |
| (b) | Affiliation Fees; | |
| (c) | Sale of Text Books & Publications; | |
| (d) | Registration fees, Sports fees, Training fees and Other Academic receipts; | |
| (e) | Receipts from CBSE Projects/Programmes; | |
| (f) | Interest on income tax refunds; and | |
| (g) | Interest earned on (a) to (f) above. |
2. This notification shall be effective subject to Central Board of Secondary Education, 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 the financial year 2020-21 (for period from 01- 06-2020 to 31-03-2021) and for the financial year 2021-22 to financial year 2022-23 and shall be applicable with respect to the financial years 2023-24 and 2024-25.
SOURABH JAIN,
Under Secy.
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