Latest Post

Compliance Calendar for the month of July, 2023 Simplifying Export Procedures: Tax-Free Supplies for International Trade


(Department of Revenue)



New Delhi, the 8th October, 2018

S.O. 5180(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, ‘Uttaranchal Board of Technical Education, a board constituted by the State Act Uttaranchal Board of Technical Education Act, 2003, in respect of the following specified income arising to the said Board, namely:—

  1. Grants/subsidies received from Government/government bodies;
  2. Fees, Fines and Penalties collected as per the provisions of Uttaranchal Board of Technical Education Act, 2003;
  3. Receipts from sale of printed application forms and educational Material;
  4. Receipts from Disposal of assets and sale of Scrap;
  5. Rent received from let out of properties;
  6. Royalty or License Fees for providing technical knowledge and infrastructure;
  7. Interest earned on (a) to (f) above.
  8. This notification shall be effective subject to the conditions that Uttaranchal Board of Technical Education –
  9. shall not engage in any commercial activity;
  10. activities and the nature of the specified income shall remain unchanged       throughout the financial years; and
  11. 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.
  12. This notification shall be deemed to have been applied for the assessment year 2018-19 and shall apply with respect to the assessment years 2019-20, 2020-21, 2021-22 and 2022-23.

[Notification No. 66 /2018, F.No.300196/32/2018-ITA-I]


Explanatory Memorandum:-It is certified that no person is being adversely affected by giving retrospective effect to this notification.

Leave a Reply

Your email address will not be published. Required fields are marked *