SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS -
STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - ASSAM
STATE AIDS CONTROL SOCIETY
NOTIFICATION NO. 27/2013 [F.NO.196/55/2012-ITA.I]/SO 859(E),
DATED 30-3-2013
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 'Assam State AIDS
Control Society', a body created by way of notification in this regard by the
Government of Assam, in respect of the following specified income arising to
the said Society, namely:-
"amount received in the form of grants-in-aid from the
Central Government and other international development agencies such as World
Bank, UNAID (Joint United Nations Programme on HIV/AIDS), USAID (United States
Agency for International Development), GFATM (Global Fund to fight AIDS,
Tuberculosis and Malaria) through the Government of India".
2. This Notification shall be deemed to have been apply for the
Financial Year 2011-2012 and shall apply with respect to the Financial Years
2012-2013, 2013-2014, 2014-2015 and 2015-2016.
3. The notification shall be effective subject to the following
conditions, namely:-
(a)
the 'Assam State AIDS Control Society' does not engage in any commercial
activity;
(b)
the activities and the nature of the specified income of the 'Assam State AIDS
Control Society' remain unchanged throughout the financial year; and
(c)
the 'Assam State AIDS Control Society' files return of income in accordance
with the provision of clause (g) of sub-section (4C) section 139
of the Income-tax Act, 1961.
4. The grants from various international development agencies shall
be received and applied in accordance with the prevailing rules and
regulations.