This notification, S.O. 2279(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on July 20, 2017, exempts the National Biodiversity Authority (NBA), Chennai, from income tax under clause (46) of section 10 of the Income-tax Act, 1961. The exemption applies to the following income sources: Grant-in-aid from the Government of India, benefit sharing fees and royalties, application fees, interest income, and penalty income.
The notification is subject to the conditions that the NBA: (a) does not engage in any commercial activity; (b) maintains unchanged activities and the nature of the specified income throughout the financial years; and (c) files income tax returns as per clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
This notification is deemed to have been applied for the financial year 2016-2017 and will apply to the financial years 2017-2018, 2018-2019, 2019-2020, and 2020-2021. The notification number is 68/2017, F. No. 300196/01/2017-ITA-I, and was issued by Deepshikha Sharma, Director.
Key Entities Referenced
Income-tax Act, 1961: A law referenced in the notification, specifically section 10, clause 46 and section 139, subsection 4C, clause g.
Central Board of Direct Taxes: The issuing authority of the notification, under the Department of Revenue, Ministry of Finance.
National Biodiversity Authority, Chennai, Tamil Nadu: An authority established under the Biological Diversity Act, 2002, which is the subject of the notification regarding income tax exemptions.
Biological Diversity Act, 2002: The law under which the National Biodiversity Authority was established.
Ministry of Finance: The ministry under which the Department of Revenue and Central Board of Direct Taxes operate.
Department of Revenue: A department of the Ministry of Finance, overseeing the Central Board of Direct Taxes.
New Delhi: Location where the notification was issued.
Government of India: The source of Grant-in-aid to National Biodiversity Authority
REGD. NO. D. L.-33004/99
EXTRAORDINARY
II— — (ii)
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
2021]
No. 2021] NEW DELHI, THURSDAY, JULY 20, 2017/ASADHA 29, 1939
वित्त मत्रं ालय
(राजस्ि विभाग)
(केंद्रीय प्रत्यक्ष कर बोर्ड)
अविसचू ना
नई दिल्ली, 20 जलु ाई, 2017
का.आ. 2279(अ).—आयकर अविवनयम, 1961 (1961 का 43) की िारा 10 के खंर् (46) द्वारा प्रित्त शवियों का
प्रयोग करते हुए केंद्र सरकार एति्द्वारा उि खंर् के उद्देश्य की पूर्तड हते ू जैविक विवििता अविवनयम, 2002 (2003 का 18)
के तहत स्थावपत प्राविकरण ‘राष्ट्रीय जैि विवििता प्राविकरण’, चेन्नई को उस प्राविकरण को होन े िाली वनम्नवलवखत आय के
संबंि में अविसूवचत करती ह,ै अथाडत ् :—
(क) भारत सरकार से सहायता अनिु ान के रूप म ेंप्राप्त र रावश;
(ख) लाभ शेयररंग फीस और प्राप्त र रायल्टी
(ग) आिेिन फीस के रूप में प्राप्त र रावश
(घ) ब्याज के रूप म ेंप्राप्त र रावश; और
(ड़) शावस्त (पैनल्टी) के रूप में प्राप्त र रावश ।
2. यह अविसूचना वनम् नवलवखत शतों के साथ लागू होगी दक राष्ट्रीय जैि विवििता प्राविकरण, चेन्नई :—
(क) दकसी भी व्यािसावयक गवतविवि में शावमल नहीं होगा;
(ख) कायडकलाप और आय विशेष की प्रकृवत वित्तीय िषों के िौरान अपररिर्तडत रहगे ी; और
(ग) आयकर अविवनयम, 1961 की िारा 139 की उपिारा 4 (ग) के खंर् (छ) के प्राििान के अनुसार आय की
वििरणी िायर करे ।
4420 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. यह अविसूचना वित्त िषड 2016-2017 के वलए लाग ू हुई समझी जाएगी और वित्त िषड 2017-2018, 2018-2019,
2019-2020 और 2020-2021 के संबंि म ें लागू होगी।
[अविसूचना सं. 68 /2017/फा. सं. 300196/01/2017-आईटीए-I]
िीपवशखा शमाड, वनिेशक
व्याख्यात्मक ज्ञापनः यह प्रमावणत दकया जाता ह ै दक इस अविसूचना को पूिडव्यापी प्रभाि िके र कोई भी व्यवि प्रवतकूल रूप से
प्रभावित नहीं ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th July, 2017
S.O. 2279(E).—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, ‘National Biodiversity
Authority’, Chennai, an authority established under the Biological Diversity Act, 2002 (18 of 2003), in respect of the
following specified income arising to that Authority, namely:—
(a) amount received in the form of Grant-in-aid from Government of India;
(b) benefit sharing fee and royalty received;
(c) amount received in form of Application fee;
(d) amount received in form of Interest; and
(e) amount received in form of Penalty.
2. This notification shall be effective subject to the conditions that National Biodiversity Authority, Chennai,—
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years;
and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section
139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial year 2016-2017 and shall apply with
respect to the financial years 2017-2018, 2018-2019, 2019-2020 and 2020-2021.
[Notification No. 68 /2017/F. No. 300196/01/2017-ITA-I]
DEEPSHIKHA SHARMA, Director
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to
this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.