{"id":215087,"date":"2019-05-27T19:30:03","date_gmt":"2019-05-27T14:00:03","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=215087"},"modified":"2019-05-27T16:28:44","modified_gmt":"2019-05-27T10:58:44","slug":"exemption-under-s-1046-cbdt-notifies-aicte-for-exemption-under-s-1046-of-income-tax-act-1961","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/27\/exemption-under-s-1046-cbdt-notifies-aicte-for-exemption-under-s-1046-of-income-tax-act-1961\/","title":{"rendered":"Exemption under S. 10(46) | CBDT notifies AICTE for exemption under S. 10(46) of Income-tax Act, 1961"},"content":{"rendered":"

S.O. 1801(E)\u2014<\/strong>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, \u2018All India Council for Technical Education\u2019<\/strong>, New Delhi, a Council established by the Central Government, in respect of the following specified income arising to that council, namely:-<\/p>\n

(a) Grants\/subsidies received from the Government\/ Govt. bodies;
\n(b) Regulatory Charges;
\n(c) RTI fee and Examination fee;
\n(d) CMAT\/GPAT fee;
\n(e) Receipts from sale of forms, materials and tender fee;
\n(f) Receipts from disposal of scrap; and
\n(g) Interest earned on (a) to (f) above.<\/p>\n

2. This notification shall be effective subject to the conditions that All India Council for Technical Education, New Delhi-<\/p>\n

(a) shall not engage in any commercial activity;
\n(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
\n(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.<\/p>\n

3. This notification shall apply with respect to the assessment year 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024.<\/p>\n

\n

[Notification dt. 23-05-2019]<\/strong><\/p>\n

Ministry of Finance<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

S.O. 1801(E)\u2014In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[35658,35659,35661,35660],"class_list":["post-215087","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-all-india-council-for-technical-education","tag-clause-46-of-section-10-of-income-tax-act-1961","tag-regulatory-charges","tag-section-139-of-the-income-tax-act"],"yoast_head":"\nExemption under S. 10(46) | CBDT notifies AICTE for exemption under S. 10(46) of Income-tax Act, 1961 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Central Registry for Securitization Asset Reconstruction and Security Interest of India, a body set up\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":212340,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/22\/visakhapatnam-special-economic-zone-authority-constituted-by-central-government\/","url_meta":{"origin":215087,"position":1},"title":"‘Visakhapatnam Special Economic Zone Authority’ Constituted by Central Government","author":"Bhumika Indulia","date":"March 22, 2019","format":false,"excerpt":"S.O. 1398(E) \u2014In 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, \u2018Visakhapatnam Special Economic Zone Authority\u2019, an authority constituted by the Central Government, in respect of the\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":212338,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/22\/central-government-notifies-constitution-of-andhra-pradesh-electricity-regulatory-commission-hyderabad\/","url_meta":{"origin":215087,"position":2},"title":"Central Government notifies — Constitution of ‘Andhra Pradesh Electricity Regulatory Commission’, Hyderabad","author":"Bhumika Indulia","date":"March 22, 2019","format":false,"excerpt":"S.O. 1397(E)\u2014 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, \u2018Andhra Pradesh Electricity Regulatory Commission\u2019, Hyderabad, a Commission constituted under the Andhra Pradesh Electricity Reforms Act,\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":264783,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/31\/cbdt-notifies-exemption-under-section-206c1g-of-the-income-tax-act-1961\/","url_meta":{"origin":215087,"position":3},"title":"CBDT notifies exemption under section 206C(1G) of the Income tax Act, 1961","author":"Bhumika Indulia","date":"March 31, 2022","format":false,"excerpt":"The Central Government hereby notifies that the provisions of sub-section (1G) of section 206C shall not apply to an individual who is not a resident in India in terms of clause (1) and clause (1A) of section 6 of the Act, 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An\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135571,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/06\/07\/cbdt-notifies-transactions-for-which-the-condition-of-chargeability-to-stt-for-claiming-exemption-under-s-1038-of-income-tax-act-1961-shall-not-apply\/","url_meta":{"origin":215087,"position":5},"title":"CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under S. 10(38) of IT Act, 1961 shall not apply","author":"Saba","date":"June 7, 2017","format":false,"excerpt":"Section 10(38) of the Income Tax Act, 1961 (\u2018the Act\u2019),\u00a0prior to its amendment by Finance Act, 2017\u00a0provided that the income arising by way of a transfer of long term capital asset, being equity share in a company shall be exempt from tax if such transfer is undertaken after 1st\u00a0October, 2004\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/215087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=215087"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/215087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=215087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=215087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=215087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}