TMI BlogEXEMPTION UNDER SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - REQUIREMENT OF NOTIFICATION BY THE CENTRAL GOVERNMENT IN THE OFFICIAL GAZETTE TO CLAIM EXEMPTION.X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by or under a Central or State Act or by a Central or State Government with the object of regulating or administering any activity 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t forwards evidence of having furnished the application in the office of jurisdictional CIT/DIT. 3. Format of Application Seeking Notification u/s 10(46) shall be as under:- Sr. no. Requirement Details 1 Name of the Applicant 2 Address 3 PAN 4 Status 5 Retu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) Copy of such Deed/Notification/Act or other relevant document establishing or constituting the entity seeking exemption. 13 Nature of Revenue Streams ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relevant order) (c) such request has been rejected earlier. If yes, when and on what grounds. Pl. furnish a copy of relevant order. 19 Pl. furnish copies of Balance Sheet, Profit Loss Account or Income Expenditure statement of last three years, along with schedules. 20 Whether the accounts are required to be audited? If yes, whether complied w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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