CBDT Standardizes the Process of Filing Application u/s 10(46A)

  • Blog|News|Income Tax|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 23 August, 2024

Latest from Taxmann

Jurisdiction

F.No.196/82/2024-ITA-I, dated 20-08-2024

Section 10(46A) exempts any income arising to a body, authority, Board, Trust, or Commission, not being a company, which has been established or constituted by or under a Central or State Act for specified purposes. For the purpose of availing exemption, such body or authority or Board or Trust or Commission is required to be notified by the Central Government in the official Gazette.

The Central Board of Direct Taxes has prescribed a procedure and an annexure to standardise the application process under section 10 (46A) and avoid procedural delays in processing it. Applicants are advised to file the applications along with the requisite enclosures with the Pr. Commissioner or Commissioner of Income-tax or Pr. Director or Director of Income-tax under whose jurisdiction their cases fall.

The applicants are further advised to adopt the Format laid as per Annexure-A enclosed under the instruction while submitting the application along with its enclosures.

Click Here To Read The Full Update 

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied