This notification, S.O. 4010(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, effective September 2, 2025, pertains to an exemption under Section 10(46) of the Income-tax Act, 1961. The notification designates the Maharashtra State Pharmacy Council (PAN: AAHAM7600C) as eligible for income tax exemption on the following specified income: (a) Fees and Subscriptions, and (b) Interest Income.
The exemption is conditional upon the Maharashtra State Pharmacy Council: (a) not engaging in any commercial activity; (b) maintaining consistent activities and the nature of specified income throughout the financial years; and (c) filing income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961.
This notification is deemed to have been applied retrospectively for financial years 2018-19, 2019-20, 2020-21, 2021-22, and 2022-23, relevant to assessment years 2019-20, 2020-21, 2021-22, 2022-23, and 2023-24. The notification number is 144/2025(F. No. 300196/152019-ITAI). The issuing authority is Meenakshi Singh, Dy. Secy.
Key Entities Referenced
Incometax Act, 1961: A law that relates to income tax in India.
Central Board of Direct Taxes: A department under the Ministry of Finance responsible for direct tax administration in India.
Ministry of Finance: A ministry of the Government of India responsible for financial matters.
Maharashtra State Pharmacy Council: A body constituted by the Government of Maharashtra.
New Delhi: The location where the notification was issued, which is the capital of India.
Department of Revenue: A department under the Ministry of Finance.
Income-tax: Relating to income tax
Government of Maharashtra: The state government of Maharashtra, India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-02092025-265891
xxxGIDHxxx
CG-DLxx-ExG-I0D2E0x9x2x0 25-265891
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3905] नई दिल्ली, मगं लिार, जसतम्ब र 2, 2025/भार 11, 1947
No. 3905] NEW DELHI, TUESDAY, SEPTEMBER 2, 2025/BHADRA 11, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 2 जसतम्ब र, 2025
(आयकर)
का.आ. 4010(अ).— केन्द्र सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खडं (46) द्वारा
प्रदत्त शक्तियों का प्रयोग करत े हुए, एतत्वारा, उक्त खडं के प्रयोिनों के जलए महाराष्ट्र सरकार वारा गठित एक जनकाय,
'महाराष्ट्र राज्य फामेसी पठरषि' (पैन: AAHAM7600C) को होने िाली जनम्नजलजखत जिजनर्िडष्ट आय के संबंध म ेंअजधसूजचत
करती ह,ै अर्ाडत:् -
(क) िुल्क और अंििान
(ख) ब्याि आय
5856 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना इन ितों के अधीन प्रभािी होगी दक महाराष्ट्र राज्य फामेसी पठरषि -
(क) दकसी भी िाजणजज्यक गजतजिजध में जलप्त नहीं होगी;
(ख) गजतजिजधयााँ और जिजनर्िष्टड आय की प्रकृजत परू े जित्तीय िषड में अपठरिर्तडत रहगे ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4ग) के खंड (छ) के प्रािधान के अनुसार आयकर ठरटन ड
िाजखल करेगी।
3. यह अजधसूचना कर जनधाडरण िषड 2019-20, 2020-21, 2021-2022, 2022-23, 2023-24 से संबंजधत जित्तीय
िषड 2018-19, 2019-20, 2020-21, 2021-2022, 2022-23 के जलए लागू मानी िाएगी।
[अक्तधसूचना स.ं 144 /2025/फा. सं. 300196/15/2019-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने स े दकसी भी व्यजक्त पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 2nd September, 2025
(Income-tax)
S.O. 4010(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, ‘Maharashtra State Pharmacy
Council’ (PAN: AAHAM7600C), a body constituted by the Government of Maharashtra, in respect of the following
specified income arising to that Council, namely:-
(a) Fees and Subscriptions.
(b) Interest Income
2. This notification shall be effective subject to the conditions that Maharashtra State Pharmacy Council -
(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 financial years 2018-19, 2019-20, 2020-21,
2021-2022, 2022-23 relevant to assessment year 2019-20, 2020-21, 2021-2022, 2022-23, 2023-24.
[Notification No. 144 /2025/F. No. 300196/15/2019-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
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.