**Policy Summary**
This notification, S.O. 3440(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on October 27, 2017, grants an income tax exemption to Swasthya Sathi Samiti, Kolkata, under clause 46 of section 10 of the Income-tax Act, 1961. The exemption applies to:
a) Grants received from the Government of West Bengal.
b) Interest income earned on these grants.
The notification is subject to the following conditions:
a) Swasthya Sathi Samiti, Kolkata, must not engage in any commercial activity.
b) The organization's activities and the nature of the specified income must remain unchanged throughout the financial years.
c) The organization must file income tax returns as per clause (g) of subsection (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 88/2017, and the F. No. is 300196/22/2017-ITA-I. The Director, Deepshikha Sharma, issued the notification.
Key Entities Referenced
Swasthya Sathi Samiti, Kolkata: A body established by the Government of West Bengal.
Government of West Bengal: The state government providing grants to Swasthya Sathi Samiti.
Income-tax Act, 1961: Indian legislation relevant to the notification concerning income tax exemptions.
Ministry of Finance: The government ministry issuing the notification.
Department of Revenue: The department within the Ministry of Finance responsible for the notification.
Central Board of Direct Taxes: The issuing authority for the notification.
New Delhi: Location where the notification was issued.
Deepshikha Sharma: Director at the Central Board of Direct Taxes.
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No. 3009] NEW DELHI, FRIDAY, OCTOBER 27, 2017/KARTIKA 5, 1939
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अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 27 अ(cid:9) तबू र, 2017
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कोलकाता को, उसे होने वाली िन7िलिखत िविन8द9+ आय के संबंध म अिधसूिचत करती है, िजस का ?यौरा िन7िलिखत हःै—
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(ख) अनुदान पर ?याज आय रािश।
2. यह अिधसूचना इन शतF के अGयधीन (cid:19)भावी होगी (cid:4)क ‘3वा36य साथी सिमित’ कोलकाताः—
(क) (cid:4)कसी भी Iावसाियक गितिविध म शािमल नहJ होगी;
(ख) काय+कलाप और िवशेष आय क(cid:14) (cid:19)कृित िव(cid:20)ीय वषF के दौरान अप1रव*त+त रहगे ी; और
(ग) आयकर अिधिनयम, 1961 क(cid:14) धारा 139 क(cid:14) उपधारा – 4(ग) के खंड (छ) के (cid:19)ावधान के अनुसार आय क(cid:14) िववरणी
दायर करेगी।
3. यह अिधसूचना िव(cid:20) वष+ 2016-17 के िलए लागू समझी जाएगी और िव(cid:20) वष+ 2017-18, 2018-19, 2019-20 और 2020-
21 के िलए लागू होगी ।
[अिधसूचना सं. 88 /2017, फा. सं.300196/22/2017-आईटीए-I]
दीपिशखा शमा+, िनदेशक
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से (cid:19)भािवत नहJ होगा।
6406 GI/2017 (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 27th October, 2017
S.O. 3440(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, ‘Swasthya
Sathi Samiti’, Kolkata, a body established by the Government of West Bengal, in respect of the following
specified income arising to that body, namely:—
a) Grant received from the Government of West Bengal; and
b) Interest income on grants.
2. This notification shall be effective subject to the conditions that Swasthya Sathi Samiti, Kolkata,-
(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 Years 2016-2017 and shall
apply with respect to the Financial Years 2017-2018, 2018-2019, 2019-2020 and 2020-2021.
[Notification No. 88/2017/ F. No. 300196/22/2017-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.