This notification, S.O. 2326(E), issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, on July 13, 2020, pertains to an exemption under clause (46) of Section 10 of the Income-tax Act, 1961. It notifies the National Aviation Security Fee (NASF) Trust (PAN AADTN2508F), a trust established by the Central Government, regarding specific income that is exempt from income tax.
The specified income includes:
* Grants or subsidies approved by or under the directions of the Ministry of Civil Aviation.
* Aviation Security Fees collected as per the Ministry of Civil Aviation orders.
* Amounts transferred from escrow accounts related to passenger service fee security components maintained by airport operators for the Ministry of Civil Aviation.
* Interest/Dividend earned on investment of amount collected if it is utilized to meet expenditure to realize objectives of the trust.
This notification is subject to the conditions that the NASF Trust:
* Does not engage in any commercial activity.
* Maintains unchanged activities and the nature of the specified income throughout the financial years.
* Files income tax returns in accordance with clause (g) of subsection (4C) of Section 139 of the Income-tax Act, 1961.
* Files an audit report, verified by an accountant as per Section 288(2) of the Income-tax Act, 1961, along with a certificate from a chartered accountant confirming compliance with the stated conditions.
The notification is applicable for the assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025.
The notification number is 46/2020/F. No. 300196/07/2020-ITA-I. The Director, ITA-I, Prajna Paramita, is listed as the contact.
Key Entities Referenced
Ministry of Finance: The ministry under which the Department of Revenue and Central Board of Direct Taxes operate.
Department of Revenue: A department within the Ministry of Finance.
Central Board of Direct Taxes: An organization under the Department of Revenue responsible for direct tax matters.
Income-tax Act, 1961: The primary law governing income tax in India.
National Aviation Security Fee Trust: A trust established by the Central Government, PAN AADTN2508F, related to aviation security fees.
Ministry of Civil Aviation: The ministry responsible for civil aviation matters.
New Delhi: The location where the notification was issued, New Delhi, Delhi, India.
Government of India Press, Ring Road, Mayapuri, New Delhi110064: Government of India Press address where the document was printed.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-14072020-220513
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2052] नई दिल्ली, मगं लिार, िुलाई 14, 2020/ आर्ाढ़ 23, 1942
No. 2052] NEW DELHI, TUESDAY, JULY 14, 2020/ASHADHA 23, 1942
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, दिनांक 13 िुलाई, 2020
का.आ. 2326(अ).—आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा प्रित्त िजियों
का प्रयोग करत े हुए केंद्रीय सरकार एतद्द्वारा केन्द्द्र सरकार द्वारा स्ट्थाजपत एक न्द्यास (रस्ट्ट) ‘’नेिनल एजिएिन जसक्योररटी
फी रस्ट्ट (पनै -AADTN2508F) को उि खडं के प्रयोिनाथड उस न्द्यास (रस्ट्ट) को होन े िाली जनम्न जलजखत जनर्िष्टड आय के
बारे में अजधसूजचत करती ह,ै नामत:-
क. नागर जिमानन मंत्रालय, भारत सरकार के जनिेिों द्वारा/के अतं गडत यथा अनुमोदित अनिु ान की प्रकृजत में अनुिान
अथिा राि सहायता अथिा कोई प्राजि;
ख. नागर जिमानन मंत्रालय, भारत सरकार के आििे ों के अनुसार मौिूिा िरों पर एकजत्रत जिमानन सुरक्षा फीस;
ग. लाभकारी के रूप म ें नागर जिमानन मंत्रालय, भारत सरकार के जलए अनुसूजचत बैंकों के साथ एयरपोट ड आपरेटसड
द्वारा रखे गए यात्री सेिा फीस के िमा (सुरक्षा संघटक) के जलए एसक्रो खातों से अतं ररत राजि; तथा
घ. एकजत्रत राजि के जनिेि पर अर्िडत ब्याि/लाभांि िब तक दक इसे न्द्यास (रस्ट्ट) के उद्देश्यों को प्राि करने के जलए
खचड पूरा करने के जलए उपयोग दकया िाता ह।ै
2. यह अजधसूचना उन ितों के अधीन प्रभािी होगी दक राष्ट्रीय जिमानन सुरक्षा फीस न्द्यास (रस्ट्ट), -
क. दकसी भी िाजणजययक गजतजिजध में िाजमल नहीं होगा;
ख. जिजनर्िष्टड आय की प्रकृजत तथा गजतजिजधयां पूरे जित्त िर्ड के िौरान अपररिर्तडत रहगें ी;
3121 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
ग. आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के खंड (छ) के प्रािधानों के अनुसार आय की
जििरणी िायर करेगा; तथा
घ. सनिी लेखाकार से इस प्रमाणपत्र के साथ दक उपरोि ितें संतोर्िनक ह,ैं सजहत आयकर अजधजनयम, 1961 की
धारा 288(2) के स्ट् पष्ट ीकरण में यथा प्रिान की गई लेखाकार द्वारा जिजधित सत्याजपत की गई लेखा परीक्षा
ररपोटड िायर करेगा।
3. यह अजधसूचना कर जनधाडरण िर्ड 2020-2021, 2021-2022, 2022-2023, 2023-2024 तथा 2024-2025
के संबंध में लाग ूहोगी।
[अजधसूचना सं. 46/2020/फा. सं. 300196/07/2020-आईटीए-I]
प्रज्ञा पारजमता, जनिेिक (आईटीए-I)
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 13th July, 2020
S.O. 2326(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 Aviation Security Fee Trust’ (PAN AADTN2508F), a trust established by the Central
Government, in respect of the following specified income arising to that trust, namely:-
(a) Grant or subsidy or any receipt in the nature of grant as approved by/under directions of
Ministry of Civil Aviation, Government of India;
(b) Aviation Security Fee collected at the prevailing rates as per orders of Ministry of Civil
Aviation, Government of India;
(c) Amount transferred from escrow accounts for deposits of the passenger service fee
(security component) maintained by airport operators with the scheduled banks for
Ministry of Civil Aviation, Government of India as beneficiary; and
(d) Interest/Dividend earned on investment of amount collected it it is utilized to meet
expenditure to realize objectives of the trust.
2. This notification shall be effective subject to the conditions that National Aviation Security Fee
Trust,-
(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.
(d) shall file the Audit report along with the Return, duly verified by the accountant as
provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a
certificate from the chartered accountant that the above conditions are satisfied.
3. This notification shall apply with respect to the assessment years 2020-2021, 2021-2022, 2022-
2023, 2023-2024 and 2024-2025.
[Notification No. 46 /2020/F. No. 300196/07/2020-ITA-I]
PRAJNA PARAMITA, Director, (ITA-1)
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.