Ministry : Ministry of Finance (Department of Revenue)

Part II-Section 3-Sub-Section (ii)

Subject : Extra Ordinary

Gazette Information

  • Gazette Title: The Gazette of India: Extraordinary
  • Gazette Number: 4991 GI/2024
  • Publication Date: August 7, 2024
  • Issuing Authority: Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes)
  • Summary:
    • Notification regarding the Kalyan Karnataka Region Development Board.
    • Specifies income arising to the Board from grants and bank interest.
    • Conditions include no engagement in commercial activities and unchanged nature of specified income.
    • Applicable for assessment years 2022-2023 and 2023-2024 relevant for financial years 2021-2022 and 2022-2023.
    • Certified that no person is adversely affected by the retrospective effect of this notification.

Notification under section 10(46) of the Income Tax Act 1961 in case of Kalyan Karnataka Region Development Board

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