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    Notification 98 2023

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    tax.contact
    This notification provides income tax exemption to the Press Council of India for assessment years 2019-2023 under section 10 of the Income Tax Act of 1961. It exempts the Council's income from levies on newspapers and interest earned on bank accounts. This exemption is subject to conditions that the Council not engage in commercial activities, its activities and income sources remain unchanged, and it files tax returns as required. The notification applies retrospectively to the listed assessment years corresponding to financial years 2018-2023.

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    Notification 98 2023

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    tax.contact
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    This notification provides income tax exemption to the Press Council of India for assessment years 2019-2023 under section 10 of the Income Tax Act of 1961. It exempts the Council's income from levies on newspapers and interest earned on bank accounts. This exemption is subject to conditions that the Council not engage in commercial activities, its activities and income sources remain unchanged, and it files tax returns as required. The notification applies retrospectively to the listed assessment years corresponding to financial years 2018-2023.

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    Notification 98 2023

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    This notification provides income tax exemption to the Press Council of India for assessment years 2019-2023 under section 10 of the Income Tax Act of 1961. It exempts the Council's income from levies on newspapers and interest earned on bank accounts. This exemption is subject to conditions that the Council not engage in commercial activities, its activities and income sources remain unchanged, and it files tax returns as required. The notification applies retrospectively to the listed assessment years corresponding to financial years 2018-2023.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    3 views1 page

    Notification 98 2023

    Uploaded by

    tax.contact
    This notification provides income tax exemption to the Press Council of India for assessment years 2019-2023 under section 10 of the Income Tax Act of 1961. It exempts the Council's income from levies on newspapers and interest earned on bank accounts. This exemption is subject to conditions that the Council not engage in commercial activities, its activities and income sources remain unchanged, and it files tax returns as required. The notification applies retrospectively to the listed assessment years corresponding to financial years 2018-2023.

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    of 1

    2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC.

    3(ii)]

    (ग) आयकर अजधजनयम 1961, की धारा 139 की उप-धारा (4ग) के खंड (छ) के प्रािधान के अनुसार आयकर
    जििरणी फाइल करे गी।

    3. यह अजधसूचना जनधाडरण िषों 2019-2020, 2020-2021, 2021-2022, 2022-2023 एिं 2023-2024 के


    जलए लागू की गई मानी िाएगी तथा क्रमिः जित्तीय िषों 2018-2019, 2019-2020, 2020-2021, 2021-2022 एिं
    2022-2023 के जलए संगत होगी।

    [अजधसूचना सं. 98 /2023 फा.सं. 300196/8/2018-आईटीए-I]

    जिकास ससंह, जनिेिक (आईटीए)-I


    व्याख्यात्मक ज्ञापन
    यह प्रमाजणत दकया िाता है दक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी व्यजि पर प्रजतकू ल प्रभाि नहीं पड़ रहा
    है।
    MINISTRY OF FINANCE
    (Department of Revenue)
    (CENTRAL BOARD OF DIRECT TAXES)
    NOTIFICATION
    New Delhi, the 6th November, 2023
    S.O. 4828(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, ‘Press Council of India’
    (PAN AAABP0351P), a body established under Para 1 of Chapter II of the Press Council of India Act, 1978 (Central
    Act), in respect of the following specified income arising to that body, namely:-
    (a) Levy of fees on publishers and news papers; and
    (b) Interest earned on FDRs and Savings bank accounts of Press Council of India.
    2. This notification shall be effective subject to the conditions that Press Council of India,-
    (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 the assessment year 2019-2020, 2020-2021, 2021-
    2022, 2022-2023 and 2023-2024 relevant to financial years 2018-2019, 2019-2020, 2020-2021, 2021-2022 and 2022-
    2023 respectively.
    [Notification No. 98/2023 F. No. 300196/8/2018-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.

    Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
    and Published by the Controller of Publications, Delhi-110054.

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