Home Income tax Individual Income Tax CBDT notifies Haryana State Board of Technical Education for Exemption u/s 10 (46) of IT Act

CBDT notifies Haryana State Board of Technical Education for Exemption u/s 10 (46) of IT Act

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CBDT notifies Haryana State Board of Technical Education for Exemption u/s 10 (46) of IT Act

CBDT notifies Haryana State Board of Technical Training for Exemption u/s 10 (46) of IT Act

The Central Board of Direct Taxes (CBDT) has notified the Haryana State Board of Technical Training for Revenue Tax Exemption u/s 10 (46) of the IT Act through issuing a Notification.

The Notification Learn as follows:

In train of the powers conferred by clause (46) of part 10 of the Revenue-tax Act, 1961 (43 of 1961), the Central Authorities hereby notifies for the needs of the mentioned clause, ‘Haryana State Board of Technical Training, Panchkula’ (PAN: AAAGT0008A), a Board constituted by Authorities of Haryana, in respect of the required earnings arising to the mentioned Board.

The next specified earnings arising to the mentioned Board, as follows:

(a) Grants, Assignments and Contributions obtained from the Central Authorities and the State Authorities of Haryana;

(b) Charges, similar to Affiliation Charges, Examination Charges, Migration Charges, Transcription Charges, and many others.;

(c) Royalties and prices together with penalties;

(d) Bequests, donations and endowments or different contributions;

(e) Sale proceeds of any securities and Rents and income from property vested in Haryana State Board of Technical Training; and

(f) Curiosity earned on financial institution deposits.

This notification shall be efficient topic to the circumstances that the Haryana State Board of Technical Training, Panchkula –

(a) shall not have interaction in any industrial exercise;

(b) actions and the character of the required earnings shall stay unchanged all through the monetary years; and

(c) shall file return of earnings in accordance with the supply of clause (g) of sub-section (4C) of part 139 of the Revenue-tax Act, 1961.

This notification shall be deemed to have been utilized for evaluation years 2022-2023 and 2023-2024 related for the monetary years 2021-2022 and 2022-2023 respectively.

For Official Notification Obtain PDF Given Beneath:

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