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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-02012024-251087
EXTRAORDINARY
PART II-Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 36]
NEW DELHI, TUESDAY, JANUARY 2, 2024/PAUSHA 12, 1945
73 GI/2024
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 2nd January, 2024
S.O. 41(E).—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, ‘Karnataka State Rural
Livelihood Promotion Society' (PAN AACAK0581H), a body constituted by the Government of Karnataka, in respect
of the following specified income arising to the said body namely, as follows:
(a) Grants received from the Central Government;
(b) Grants received from the State Government of Karnataka; and
(c) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that Karnataka State Rural Livelihood Promotion
Society –
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial
years; and
(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.
3. This notification shall be deemed to have been applied for assessment years 2019-2020, 2020-2021,
2021-2022, 2022-2023 and 2023-2024 relevant for the financial years 2018-2019, 2019-2020, 2020-2021, 2021-2022
and 2022-2023 respectively.
[Notification No. 2/2024/ F. No. 300196/20/2019-ITA-I]
VIKAS SINGH, Director (ITA-I)
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
MANOJ KUMAR VERMA
Date: 2024.01.02
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