CBDT Notifies ‘Dental Council of India, New Delhi’ for Section 10(46) Exemption
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- By Chetan Kulasri
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- Last Updated on 9 October, 2023
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Notification No. 87/2023, dated 06-10-2023
The Central Board of Direct Taxes (CBDT) has notified ‘Dental Council of India, New Delhi’ for the purposes of clause (46) of section 10 of the Income-tax Act, 1961 for the assessment year 2023-2024. The exemption has been provided for the following incomes:
(a) Fees and subscriptions;
(b) Income from royalty & publications;
(c) Grant and subsidies from the government; and
(d) Interest income from the bank.
Further, this notification shall be applicable subject to the following conditions that the Dental Council is not engaged in any commercial activity, the nature of activities and specified income remain the same throughout the financial years and files a return of income.
Click Here To Read The Full Notification
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