MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

 

New Delhi: 06.10.2023

 

Notification No. 87/2023

 

S.O. 4374(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, ‘Dental Council of India, New Delhi’ (PAN AAAJD0821E), a body constituted by the Central Government, in respect of the following specified income arising to that body, namely:

 

a) Fees and Subscriptions

b) Income from Royalty & Publications

c) Grant and Subsidies from Government

d) Interest Income from bank

 

2. This notification shall be effective subject to the conditions that Dental Council of India, New Delhi:-

 

(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 2023-2024 relevant to the financial year 2022-2023.

 

[Notification No. 87/2023 F. No. 300196/39/2022-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.