IT Exemptions to Chandigarh State Aids Control Society

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,

SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 77/2013

New Delhi, the day of 25^th September, 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 Chandigarh State AIDS Control Society a body established by the Chandigarh Administration in respect of the following specified income arising to the said Society, namely:-

(a) amount received in the form of grants-in-aid from Central Government;

(b) interest earned on grants-in-aid.

2. This notification shall be deemed to have been applied for the financial years 2011-12 and 2012-13 and shall respectively be applicable for the financial years 2013-14, 2014-15 and 2015-16.

3. The notification shall be effective subject to the following conditions, namely:-

(a) the Chandigarh State AIDS Control Society does not engage in any commercial activity;

(b) the activities and the nature of the specified income of the Chandigarh State AIDS Control Society remain unchanged throughout the financial year; and

(c) the Chandigarh 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 received by the said Society shall be received and applied in accordance with the prevailing rules and regulations.