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CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]
![CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Exemption-Maharashtra-Council-of-Homoeopathy-Homoeopathy-Tax-Exemption-News-Homoeopathy-Tax-Exemption-TAXSCAN.jpg "CBDT Grants Income Tax Exemption to Maharashtra Council of Homoeopathy u/s 10(46) [Read Notification]")
The Central Board of direct Taxes (CBDT), vide notification no.S.O. 5045(E) issued on 24th November 2023 has notified the Income Tax exemption to the ‘Maharashtra Council of Homoeopathy’ under Section 10(46) of the Income Tax Act, 1961. The income exempted from income tax are: Fees received from members/doctors; Fees received from professional...
The Central Board of direct Taxes (CBDT), vide notification no.S.O. 5045(E) issued on 24th November 2023 has notified the Income Tax exemption to the ‘Maharashtra Council of Homoeopathy’ under Section 10(46) of the Income Tax Act, 1961.
The income exempted from income tax are:
- Fees received from members/doctors;
- Fees received from professional seminars/conferences; and
- Interest earned on bank deposits.
However, this notification shall be effective subject to the conditions that Maharashtra Council of Homoeopathy:
- shall not engage in any commercial activity;
- activities and the nature of the specified income shall remain unchanged throughout the financial years; and
- 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.
To Read the full text of the Order CLICK HERE
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