This notification, S.O. 2280(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, effective July 20, 2017, grants an exemption under clause 46 of section 10 of the Income-tax Act, 1961 to the Assam State Biodiversity Board. The exemption applies to the following specified income of the Board: (a) grants from the Assam State Government and the National Biodiversity Authority; (b) fees for granting access to biological resources; (c) consultancy charges for field studies/research; (d) interest earned on grants from the National Biodiversity Authority and Government of Assam; and (e) interest earned from term deposits with banks.
The notification is subject to the conditions that the Board (a) does not engage in commercial activity; (b) maintains the nature of its activities and specified income; and (c) files 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 retrospectively for the financial years 2015-16 and 2016-17 and shall apply with respect to financial years 2017-18, 2018-19 and 2019-20. The notification number is 69/2017 (F. No. 300196/1/2016-ITAI). The Director, Deepshikha Sharma, issued the notification.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for financial matters.
Department of Revenue: A department within the Ministry of Finance.
Central Board of Direct Taxes: A body under the Department of Revenue responsible for direct tax administration.
Income-tax Act, 1961: The principal legislation governing income tax in India.
Assam State Biodiversity Board: A board established by the Government of Assam.
Government of Assam: The state government of Assam, India.
National Biodiversity Authority: An autonomous body under the Ministry of Environment, Forest and Climate Change, Government of India.
New Delhi: The location of the notification, New Delhi, Delhi, India.
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PART II—Section 3—Sub-section (ii)
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No. 2022] NEW DELHI, THURSDAY, JULY 20, 2017/ASADHA 29, 1939
िव(cid:7275) म(cid:7074)ं ालय
(राजस्व िवभाग)
(क(cid:7286)(cid:7076)ीय (cid:7079)त्यक्ष कर बोडर्)
अिधसूचना
नई िदल्ली, 20 जुलाई, 2017
का.आ. 2280(अ).— आयकर अिधिनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का
(cid:7079)योग करते हुए क(cid:7286)(cid:7076) सरकार एत(cid:7375)ारा उ(cid:7334) खंड के उ(cid:7374)ेश्य की पूितर् हते ू असम सरकार (cid:7367)ारा गिठत बोडर्, ‘असम राज्य जैव
िविवधता बोडर्’ को होने वाली िन(cid:7388)िलिखत िविन(cid:7416)दर्(cid:7397) आय के संबंध म(cid:7286) अिधसूिचत करती ह;ै अथार्त्
(क) असम राज्य सरकार और रा(cid:7398)ीय जीव िविवधता (cid:7079)ािधकरण से बोडर् (cid:7367)ारा (cid:7079)ा(cid:7385) अनुदान
(ख) बोडर् (cid:7367)ारा आवेदक(cid:7298) को जीव-िवज्ञान संबंधी संसाधन(cid:7298) की पहुचं (cid:7079)दान करने के िलए (cid:7079)ा(cid:7385) फीस
(ग) क्षे(cid:7074)ीय अध्ययन/अनुसंधान काय(cid:7300) को करने के िलए संगठन(cid:7298) से (cid:7079)ा(cid:7385) फीस/परामश(cid:7278) (cid:7079)भार
(घ) रा(cid:7398)ीय जीव िविवधता (cid:7079)ािधकरण और असम सरकार (cid:7367)ारा बोडर् को (cid:7079)दान सहायता अनुदान पर अिजर्त ब्याज
(ड़) ब(cid:7289)क के पास िमयादी जमा(cid:7312) पर अिजर्त ब्याज
2. यह अिधसूचना िनम् निलिखत शत(cid:7300) के साथ लागू होगी िक असम राज्य जैव-िविवधता बोडर् :-
(क) िकसी भी (cid:7390)ावसाियक गितिविध म(cid:7286) शािमल नह(cid:7277) होगा;
(ख) कायर्कलाप और आय िवशेष की (cid:7079)कृित िव(cid:7275)ीय वष(cid:7300) के दौरान अपिरवितर्त रहगे ी; और
(ग) आयकर अिधिनयम, 1961 की धारा 139 की उपधारा – 4(ग) के खंड (छ) के (cid:7079)ावधान के अनुसार आय की
िववरणी दायर करे।
4421 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. यह अिधसूचना िव(cid:7275) वष(cid:7300) 2015-16, 2016-17 के िलए लागू हुई मानी जाएगी और िव(cid:7275) वषर् 2017-18, 2018-
19 और 2019-20 के संबंध म(cid:7286) लागू होगी ।
[अिधसूचना सं. 69/2017/फा. सं. 300196/1/2016-आईटीए-I]
दीपिशखा शमार्, िनदशे क
(cid:7390)ाख्यात्मक ज्ञापनः यह (cid:7079)मािणत िकया जाता ह ैिक इस अिधसूचना को पूवर्(cid:7390)ापी (cid:7079)भाव दके र कोई भी (cid:7390)ि(cid:7334) (cid:7079)ितकूल रूप से
(cid:7079)भािवत नह(cid:7277) ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th July, 2017
S.O. 2280(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, the Assam State Biodiversity
Board, a board established by the Government of Assam, in respect of the following specified income arising to that
board, namely:—
(a) Grants received by the Board from Assam State Government and from National Biodiversity Authority;
(b) fee received by the Board for granting access to biological resources by applicants;
(c) fee/ Consultancy charges received from organizations for carrying out field studies/research works;
(d) interest earned on the Grants in aid provided to the Board by National Biodiversity Authority and
Government of Assam; and
(e) interest earned from Term deposits with bank.
2. This notification shall be effective subject to the conditions that Assam State Biodiversity Board,—
(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 2015-16, 2016-17 and shall apply
with respect to financial years 2017-18, 2018-19 and 2019-20.
[Notification No. 69/2017/F. No. 300196/1/2016-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.