Central Board of Direct Taxes (CBDT) issued a Notification No. 36/2024 F. No. 300196/21/2017-ITA-I dated 26.03.2024.
The Central Government notifies ‘National Mission for Clean Ganga’, New Delhi (PAN AABAN3769K) as an authority constituted under the River Ganga (Rejuvenation, Protection and Management) Authority Order, 2016 for the purpose of exemption u/s 10(46) of the Income Tax 1961 for specified income arising to the Authority namely:
(a) Grants-in-Aid received from Government of India; and
(b) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that National Mission for Clean Ganga, New Delhi –
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged through out 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 applied for assessment years 2021-22, 2022-23 and 2023-24 relevant for the financial year 2020-2021, 2021-22 and 2022-234
Source: Notification no. 36/2024 dt 26.03.2024
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