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Date: 24-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Notification under clause 46 of section 10 of the Income tax Act 1961 in case of Swasthaya Samiti Kolkata

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, exempts 'Swasthya Sathi Samiti, Kolkata' from income tax on specific income sources under Section 10(46) of the Income-tax Act, 1961.
  • The specified income includes grants received from the Government of West Bengal and interest income received from banks.

Key Changes

  • Exemption from income tax is granted to 'Swasthya Sathi Samiti, Kolkata' (PAN: AAQAS4322J) on grants from the West Bengal Government and bank interest income.
  • The exemption is conditional upon the Samiti not engaging in commercial activities, maintaining consistent activities and income nature, and filing income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961.
  • The notification is effective retrospectively from the assessment year 2022-2023 (relevant to financial year 2021-2022) and applies prospectively for assessment years 2023-2024 to 2026-2027 (relevant to financial years 2022-2023 to 2025-2026).

Impact Analysis

Swasthya Sathi Samiti, Kolkata

  • Action Item: Ensure compliance with the conditions stipulated in the notification, including avoiding commercial activities, maintaining consistent income and activities, and filing income tax returns as per the specified section of the Income-tax Act.

Government of West Bengal

  • Action Item: Monitor the Samiti's activities to ensure compliance with the conditions of the tax exemption.

Central Board of Direct Taxes (CBDT)

  • Action Item: Update internal guidelines and systems to reflect the tax exemption granted to 'Swasthya Sathi Samiti, Kolkata'.

Key Entities Referenced

Swasthya Sathi Samiti, Kolkata: A body established by the Government of West Bengal, now exempt from income tax on specific income as per this notification. PAN: AAQAS4322J Income-tax Act, 1961: The principal legislation governing income tax in India. Section 10(46) provides for the exemption of certain bodies or authorities from income tax. Ministry of Finance (Department of Revenue): The government ministry responsible for revenue collection and tax administration in India. Central Board of Direct Taxes (CBDT): A part of the Department of Revenue in the Ministry of Finance. It provides inputs for policy and planning of direct taxes in India.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-24082023-248294 CG-DxLx-xEG-I2D4H0x8x2x0 23-248294 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3623] नई दिल्ली, बृहस्ट्पजतिार, अगस्ट्त 24, 2023/भाद्र 2, 1945 No. 3623] NEW DELHI, THURSDAY, AUGUST 24, 2023/BHADRA 2, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 23 अगस्ट् त, 2023 का.आ. 3783(अ).—आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केंद्रीय सरकार उि खडं के प्रयोिनार्ड, ‘स्ट्िास्ट्र्य सार्ी सजमजत, कोलकाता’, (PAN AAQAS4322J), पजिम बंगाल सरकार द्वारा स्ट्र्ाजपत एक जनकाय, को उस जनकाय से उत्पन्न होने िाली जनम्नजलजखत जिजनर्िडष्ट आय के संबंध म ें अजधसूजचत करती ह,ै अर्ाडतः (क) पजिम बगं ाल सरकार स ेप्राप्त अनुिान; और (ख) बैंक से प्राप्त ब्याि आय 2. यह अजधसूचना जनम्न के अध्यधीन प्रभािी होगी दक स्ट्िास्ट््य सार्ी सजमजत, कोलकाता; (क) दकसी िाजणजययक कायडकलाप में िाजमल नहीं होगी; (ख) कायडकलापों और जिजिष्ट आय की प्रकृजत समस्ट्त जित्तीय िर्षों के िौरान अपररिर्ततड रहगे ी; और (ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4ग) के खंड (छ) के प्रािधान के अनुसार आय की जििरणी फाइल की िाएगी। 5446 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3. यह अजधसूचना जित्तीय िर्षड 2021-2022 से संबंजधत जनधाडरण िर्षड 2022-2023 के सबं ंध में लागू मानी िाएगी और जनधाडरण िर्षड 2023-2024 स े 2026-2027 के संबंध में लागू होगी और क्रमिः जित्तीय िर्षड 2022-2023 से 2025- 2026 के जलए संगत होगी। [अजधसूचना स.ं 69/2023/फा. स.ं 300196/36/2021-आईटीए-I] जिकास ससंह, जनिेिक, (आईटीए-I) स्ट्पष्टीकरण ज्ञापन प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को भतू लक्षी प्रभाि िेन े से दकसी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह।ै MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd August, 2023 S.O. 3783(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(PAN: AAQAS4322J), a body established by 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 received from bank. 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 Assessment Year 2022-2023 relevant to financial year 2021-2022 and shall apply with respect to Assessment Years 2023-2024 to 2026-2027relevant to the financial years 2022-2023 to 2025-2026 respectively. [Notification No. 69/2023/ F. No. 300196/36/2021-ITA-I] VIKAS SINGH, Director (ITA-I) 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.

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