Notification under clause 46 of section 10 of the Income tax Act 1961

6651 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 4403] NEW DELHI, THURS DAY , OCTOBER 19, 2023/ ASVINA 27, 1945 CG-DL-E-19102023-249562 CG-DL-E-19102023-249562 CG-DL-E-19102023-249562 MINISTRY OF FINANCE (Department of Revenue ) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th October , 2023 S.O. 4577 (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, ‘ Punjab Dental Council , Mohali ’ (PAN : AAAJP0976C ), a Council constituted by the Government of Punjab , in respect of the following specified income arising to that council , namely: a) Receipt of Registration/Renewal received from Doctors b) Interest income on accumulated surplus in the shape of F.D.R.s 2. This notification shall be effective subject to the conditions that Punjab Dental Council, Mohali :- (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 year s 2022 -2023 and 2023 -2024 releva nt to the financial year s 2021 -2022 and 2022 -2023. [Notification No. 90/2023 F.No.300196/ 11/2022-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 R oad, Mayapuri, New Delhi -110064 and Published by the Controll er of Publications, Delh i-110054.