CBDT Notifies Income Tax Exemption To Punjab Dental Council, Mohali
Mariya Paliwala
23 Oct 2023 5:00 AM GMT
The Punjab Dental Council, Mohali, has been granted income tax exemption by the Central Board of Direct Taxes (CBDT).The Central Government has notified ‘Punjab Dental Council, Mohali’, which is a Council constituted by the Government of Punjab, in respect of the receipt of registration or renewal received from doctors and interest income on accumulated surplus in the form of F.D.R.s...
The Punjab Dental Council, Mohali, has been granted income tax exemption by the Central Board of Direct Taxes (CBDT).
The Central Government has notified ‘Punjab Dental Council, Mohali’, which is a Council constituted by the Government of Punjab, in respect of the receipt of registration or renewal received from doctors and interest income on accumulated surplus in the form of F.D.R.s exempted under clause (46) of Section 10 of the Income-tax Act, 1961.
The board has laid down various conditions for granting exemptions.
Firstly, the Punjab Dental Council shall not engage in any commercial activity.
Secondly, activities and the nature of the specified income shall remain unchanged throughout the financial years.
Lastly, the Punjab Dental Council shall file a return of income in accordance with the provision of clause (g) of sub-section (4C) of Section 139 of the Income-tax Act, 1961.
Notification No. 90/2023
Date: 19/010/2023
Click Here To Read The Notification
