Notification No. 87/2014

New Delhi, the 23 December, 2014

S.O.  (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, the “Karnataka Computerisation of Police Society",  a body constituted by the Government of Karnataka, in respect of the following specified income arising to that Society, namely:-

(a) amount received in the form of grants-in-aid from Government of India;

(b) interest earned on grants-in aid from Government of India.

2.  This notification shall be applicable for financial years 2013-14 to 2017-18.

3.  The notification shall be subject to the. following conditions that Karnataka Computerisation of Police Society:

(a) shall not engage in any commercial activity;

(b) its activities and the nature of the specified income remain unchanged throughout the financial year; and

(c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act.

[F. No. 196/20/2013-ITA.1]

 (Deepshikha Sharma)

Director to the Govt. of India