Central Government by way of clause (46) of Section 10 of Income Tax Act, 1961, exempt specified income which is arising to any body or authority or Board or Trust or Commission, established under a central or state act or by a central or state government. The main objective of such entity would be for the benefit of public and not for any commercial activity, then the only such exemption is eligible to such entity under section 10 (46) of Income Tax Act, 1961.
Name of the Applicant
Returned Income of previous two years and taxes paid (if applicable). Pl. enclose copy of returns filed
Designation of Assessing Officer
VI. Any other (PI. Specify)
Objects/Purpose for which set up/created. Pl. file supporting documents
Whether created with object of regulating or administering any activity for benefit of general public?
If yes, details of activity so regulated or administered.
Pl. file supporting documents.
Nature of Activity
Are any of the activities carried out commercial in nature? Pl. Furnish justification to the answer.
Whether established or constituted by a Central or State Act? Pl. Give Details.
Whether constituted by a State or Central Government?
Copy of such Deedd/Notification/Act or other relevant document establishing or constituting the entity seeking exemption.
Nature of Revenue Streams
Nature of Income sought to be notified for purpose of section 10(46)
Basis of seeking notification u/s 10(46)
Whether already registered u/s 12A? If yes, Pl. Furnish
Copy of order granting registration.
If already registered u/s 12A, pl explain why notification u/s 10(46) is being sought.
a) Exemption U/s 11 & 12 has been denied by the assessing officer. If yes, when and on what grounds.
b) Registration U/s 12AA has been rejected earlier. If yes, when and on what grounds.
Whether approval U/s 10(23C)(iv) has been
a) Applied for (If yes, when),
b) Granted (if yes, pl furnish the copy of relevant order)
c) Such request has been rejected earlier. If yes, when and on what grounds. Pl. funish a copy of relevant order.
Pl. furnish copies of Balance Sheet, Profit & Loss Account or Inocme & Expenditure statement of last three years, along with schedules.
Whether the accounts are requied to be audited? If yes, whether complied with?
Whether any penalty imposed or prosecution launched for any violation of law in the past? If yes, pl inform when such order was passed and what was the violation. Copy of relevant order be enclosed.
Any other information or document/ information brochure/ Annual Report etc.