TMI BlogStandardizing the process of filing application under section 10(46) of the Income Tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... vity for the benefit of general public, would be exempt from tax subject to the condition that the said entity is not engaged in any commercial activity. The entity eligible to claim tax exemption u/s 10(46) is required to be notified by the Central Government in the official Gazette. 2. At present, there is no uniformity in the manner in which applications under section 10(46) are being filed by applicants. In order to standardize the manner of filing application under section 10(46) and to avoid procedural delay in processing the same applicants are advised to file the applications along with requisite enclosures to the Commissioner of Income-tax/Director of Income tax under whose jurisdiction their cases fall. The applicants a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r created with object of regulating or administering any activity for benefit of general public? If yes, details of activity so regulated or administered. Pl. file supporting documents. 10 Nature of Activity 11 Are any of the activities carried out commercial in nature? Pl. furnish justification to the answer. 12(A) Whether established or constituted by a Central or State Act? Pl. give details. (B) Whether constituted by a State or Central Government? Pl. specify. (C) C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment of last three years, along with schedules. 20 Whether the accounts are required to be audited? If yes, whether complied with? 21 Whether any penalty imposed or prosecution launched for any violation of law in the past? If yes, Pl. inform when such order was passed and what was the violation. Copy of relevant order be enclosed. 22 Any other information or document/ information brochure/ Annual Report etc. [F. No. 196/6/2013-ITA-1] (Deepshikha Sharma) Deputy Secretary to the Government of India - Notification Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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