Home Audit & Assurance CBDT notifies National Farmers Welfare Program Implementation Society for Exemption u/s 10(46) of IT Act

CBDT notifies National Farmers Welfare Program Implementation Society for Exemption u/s 10(46) of IT Act

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CBDT notifies National Farmers Welfare Program Implementation Society for Exemption u/s 10(46) of IT Act

CBDT notifies Nationwide Farmers Welfare Program Implementation Society for Exemption u/s 10(46) of IT Act

The Central Board of Direct Taxes(CBDT) has notified the Nationwide Farmers Welfare Program Implementation Society for Exemption u/s 10(46) of IT Act by way of issuing Notification.

The Notification said, “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, ‘Nationwide Farmers Welfare Program Implementation Society’, (PAN: AAAGN0886J), a society established by Central Authorities, in respect of the required revenue arising to that Society.”

The next specified revenue arising to that Society:-

(a) Authorities Grant
(b) Miscellaneous receipts from RTI, Tender Charge, Fines and penalties and sale of out of date objects; and
(c) Curiosity on deposits.

This notification shall be efficient topic to the situations that ‘Nationwide Farmers Welfare Program Implementation Society’,-

(a) shall not interact in any industrial exercise;
(b) actions and the character of the required revenue shall stay unchanged all through the monetary years; and
(c) shall file return of revenue in accordance with the availability 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 Yr 2022-2023 related to monetary yr 2021-2022 and shall apply with respect to Evaluation Years 2023-2024 to 2026-2027 related to the monetary years 2022-2023 to 2025-2026 respectively.

For Official Notification Obtain PDF Given Under:

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