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Date: 06-Oct-2023 Category: Extra Ordinary State: Union Government Country: India

notifiction under section 10 (46)

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification grants an exemption under Section 10(46) of the Income-tax Act, 1961 to the 'Dental Council of India, New Delhi' (PAN AAAJD0821E), a body constituted by the Central Government.
  • The exemption applies to specific income categories arising to the Dental Council of India.

Key Changes

  • The notification specifies that the following income of the Dental Council of India is exempt from income tax:
  • Fees and Subscriptions
  • Income from Royalty & Publications
  • Grant and Subsidies from Government
  • Interest Income from bank
  • The exemption is subject to the conditions that the Dental Council of India:
  • Shall not engage in any commercial activity.
  • Its activities and the nature of the specified income shall remain unchanged throughout the financial years.
  • 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.
  • The notification is deemed to have been applied for assessment year 2023-24 relevant to the financial year 2022-23.

Impact Analysis

Dental Council of India

  • Action Item: Track and document all income falling under the specified categories (Fees and Subscriptions, Income from Royalty & Publications, Grant and Subsidies from Government, Interest Income from bank) to ensure accurate reporting and compliance.

Central Government

  • The notification reaffirms the government's support for the Dental Council of India as a public body.

Tax Authorities

  • Action Item: Update internal systems and guidelines to reflect the tax exemption granted to the Dental Council of India for the specified income categories.

Key Entities Referenced

Dental Council of India, New Delhi: A body constituted by the Central Government (PAN AAAJD0821E). Income-tax Act, 1961: The principal legislation governing income tax in India. Section 10(46) provides the power to grant exemptions to certain bodies. Central Board of Direct Taxes (CBDT): Part of the Department of Revenue in the Ministry of Finance, responsible for direct tax administration.
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.-06102023-249215 CG-DxLx-xEG-I0D6H1x0x2x0 23-249215 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.ं 4203] नई दिल्ली, िक्रु िार, अक्त बू र 6, 2023/आज‍ि न 14 , 1945 No. 4203] NEW DELHI, FRIDAY, OCTOBER 6, 2023/ASVINA 14, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 6 अक्त ूबर, 2023 का.आ. 4374(अ).—आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केंद्रीय सरकार उि खंड के प्रयोिनार्ड, ‘डेंटल काउंजसल ऑफ इंजडया, नई दिल्ली’, (PAN AAAJD0821E), केंद्र सरकार द्वारा गठित एक जनकाय, को उस जनकाय स े उत्पन्न होन े िाली जनम्नजलजखत जिजनर्िष्टड आय के संबंध म ेंअजधसूजचत करती ह,ै अर्ाडतः (क) िुल्क और अंििान (ख) रॉयल्टी और प्रकािनों स ेआय (ग) सरकार स ेअनुिान और सजससडी; (घ) बैंक स े सयाि आय। 2. यह अजधसूचना जनम्न ितों के अध्यधीन प्रभािी होगी दक ‘डेंटल काउंजसल ऑफ इंजडया, नई दिल्ली’- 6355 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (क) दकसी िाजणजययक कायडकलाप म ें िाजमल नहीं होगी; (ख) कायडकलापों और जिजिष्ट आय की प्रकृजत समस्ट्त जित्तीय िर्षों के िौरान अपठरिर्ततड 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। 3. यह अजधसूचना जनधारड ण िर्षड 2023-24 के जलए लाग ू मानी िाएगी और जित्तीय िर्षड 2022-23 के जलए सगं त होगी। [अजधसूचना स.ं 87/2023 फा. स.ं 300196/39/2022-आईटीए-I] जिकास ससंह, जनिेिक (आईटीए-I) स्ट्पष्टीकरण ज्ञापन प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाि िेने स े दकसी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह।ै MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th October, 2023 S.O. 4374(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, ‘Dental Council of India, New Delhi’ (PAN AAAJD0821E), a body constituted by the Central Government, in respect of the following specified income arising to that body, namely: a) Fees and Subscriptions b) Income from Royalty & Publications c) Grant and Subsidies from Government d) Interest Income from bank 2. This notification shall be effective subject to the conditions that Dental Council of India, New Delhi:- (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 2023-2024 relevant to the financial year 2022-2023. [Notification No. 87/2023 F. No. 300196/39/2022-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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