This notification, S.O. 2006(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, notifies the International Sericultural Commission (ISC), Bengaluru (PAN: AAAGI0020F), as eligible for income tax exemption under clause 42 of section 10 of the Income-tax Act, 1961. The exemption applies to the following income streams: membership fees from member countries and associate members; donations or grants from the United Nations, inter-governmental agencies, and governments of member countries; registration fees for participating in international events organized by the ISC; and interest earned on the aforementioned income sources. This notification is deemed to have been applied retrospectively for the assessment year 2014-15 and subsequent assessment years. The notification number is 46/2019 (F.No. 197/10/2014-ITA-I), and it was issued on June 20, 2019. The issuing authority is Rajarajeswari R., Under Secretary.
Key Entities Referenced
Income-tax Act, 1961: A law regarding income tax in India. Specifically, clause 42 of section 10 is referenced.
Central Board of Direct Taxes: A department within the Ministry of Finance, responsible for direct tax administration.
Ministry of Finance: A ministry of the Government of India.
International Sericultural Commission, Bengaluru, Karnataka: An international organization located in Bengaluru, India. It is constituted under a treaty entered into by the Central Government.
United Nations: An intergovernmental organization to promote international co-operation.
Central Government: The executive authority of the Union of India.
Assessment Year 2014-15: A financial year for tax assessment purposes.
New Delhi: Capital of India
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PART II—Section 3—Sub-section (ii)
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ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वववव ििििववववभभभभाााागगगग))))
(क(cid:3)(cid:4)ीय (cid:8)(cid:9)य(cid:10) कर बोड)(cid:15)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:19)द(cid:21) ली, 20 जून, 2019
ककककाााा.... आआआआ....2222000000006666((((अअअअ))))....————आयकर अिधिनयम, 1961 (1961 का 43) क(cid:4) धारा 10 के खंड (42) (cid:8)ारा (cid:9)द(cid:11) शि(cid:14)य(cid:16) का (cid:9)योग
करते (cid:21)ए, क(cid:24)(cid:25) सरकार एतद(cid:8)ारा क(cid:24)(cid:25) सरकार (cid:8)ारा क(cid:4) गई सिं ध के अतं ग(cid:30)त (cid:31)थािपत एक िनकाय, अंतररा#ीय रेशम- उ’पादन आयोग
(इ+टरनेशनल स.े रक/चरल कमीशन), बंगलु3 (पैन: एएएजीआई0020एफ ) को उ(cid:14) ख5ड के (cid:9)योजनाथ(cid:30) उ(cid:14) िनकाय के संबंध म (cid:24) होन े
वाली िन:िलिखत िविन;द< आय के संबंध म(cid:24) अिधसूिचत करती ह,ै िजसका ?यौरा िन:िलिखत है :—
(क) सद(cid:31)य दशे (cid:16) तथा संबंिधत सद(cid:31)य(cid:16) से (cid:9)ाA सद(cid:31)यता शु/क;
(ख) संयु(cid:14) रा#, अ+त: सरकारी एज(cid:24)िसय(cid:16) तथा सरकार के सद(cid:31)य दशे (cid:16) स े(cid:9)ाA दान अथवा अनदु ान;
(ग) अंतररा#ीय रेशम-उ’पादन आयोग (cid:8)ारा आयोिजत अंतररा#ीय कायC(cid:30) म(cid:16) म (cid:24)भाग लेन ेके िलए पजं ीकरण शु/क; तथा
(घ) उपरो(cid:14) (क) स े(ग) पर अFजत ?याज।
2. इस अिधसूचना को कर िनधार(cid:30) ण वष (cid:30)2014-15 तथा इसके बाद के कर िनधा(cid:30)रण वषI के िलए लागू होना माना जाएगा।
[अिधसूचना स.ं 46 /2019/फा. स.ं197/10/2014-आईटीए- ]
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राजाराजेJ वरी आर., अवर सिचव
(cid:10)(cid:10)(cid:10)(cid:10)ाााा(cid:11)(cid:11)(cid:11)(cid:11)ययययाााा(cid:13)(cid:13)(cid:13)(cid:13)ममममकककक (cid:16)(cid:16)(cid:16)(cid:16)ाााापपपपनननन: यह एतद(cid:8)् ारा (cid:9)मािणत Kकया जाता ह ैKक इस अिधसूचना को पूव(cid:30)Lापी (cid:9)भाव दने े से Kकसी Lि(cid:14) के (cid:9)ितकूलत:
(cid:9)भािवत होन ेक(cid:4) सभं ावना नहM ह।ै
2956 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th June, 2019
S.O.2006(E).—In exercise of the powers conferred by clause (42) of section 10 of the Income-tax Act, 1961
(43 of 1961), the Central Government hereby notifies, for the purposes of the said clause, ‘International Sericultural
Commission’, Bengaluru, (PAN:AAAGI0020F) a body constituted under a treaty entered into by the Central
Government, in respect of the following specified income arising to the said body, namely:-
(a) Membership Fee received from Member Countries and Associate Members;
(b) donations or grants received from United Nations, Inter-Governmental agencies, and Government of
Member countries;
(c) registration fees for participating in international events organised by International Sericultural
Commission; and
(d) interest earned on (a) to (c) above.
2. This notification shall be deemed to have been applied for the assessment year 2014-15 and subsequent
assessment years.
[Notification No. 46/2019/F.No. 197/10/2014-ITA-I]
RAJARAJESWARI R., Under Secy.
Explanatory Memorandum: It is hereby certified that no person is likely to be prejudicially affected by this notification
being given retrospective effect.
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and Published by the Controller of Publications, Delhi-110054.