CBDT vide Notification No. 19/2023 and Notification No. 20/2023 both dated 10.04.2023 in S.O. 1689(E) and S.O. 1690(E) notified ‘Central Board of Secondary Education, Delhi’ or CBSE having PAN AAAAC8859Q, Board constituted by the Central Government, for income-tax exemption under section 10(46) of the Income-tax Act, 1961.
As per the notification, the following incomes of the Board shall be exempt from income tax:
(a) Examination Fees;
(b) Affiliation Fees;
(c) Sale of Text Books & Publications;
(d) Registration fees, Sports fees, Training fees and Other Academic receipts;
(e) Receipts from CBSE Projects/Programmes;
(f) Interest on income tax refunds; and
(g) Interest earned on above.
The above-mentioned income shall be exempt from income tax if the Board shall not engage in any commercial activity and the activities and the nature of the specified income shall remain unchanged throughout the financial years.
In order to claim exemption, the Authority is required to furnish a return of income in accordance with the provision of section 139(4C)(g).
The exemption shall apply retrospectively for FY 2013-14. Further, as per the second notification 20/2023, the exemption shall apply retrospectively for FY 2020-21 and shall continue till FY 2024-25.
Read the full text of Notification No. 19/2023 dated 10.04.2023 on income-tax exemption to Central Board of Secondary Education, Delhi
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 10th April, 2023
S.O. 1689(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, ‘Central Board of Secondary Education, Delhi’, (PANAAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:
(a) Examination Fees;
(b) Affiliation Fees;
(c) Sale of Text Books & Publications;
(d) Registration fees, Sports fees, Training fees and Other Academic receipts;
(e) Receipts from CBSE Projects/Programmes;
(f) Interest on income tax refunds; and
(g) Interest earned on (a) to (f) above.
2. This notification shall be effective subject to Central Board of Secondary Education, Delhi:-
(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 appliedwith respect to the financial year2013-2014.
[Notification No. 19/2023/F. No. 196/19/2014-ITA-I]]
SOURABH JAIN, Under Secy
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Download CBDT Notification No. 19/2023 dated 10.04.2023 on income-tax exemption to Central Board of Secondary Education, Delhi in PDF format
Read the full text of Notification No. 20/2023 dated 10.04.2023 on income-tax exemption to Central Board of Secondary Education, Delhi
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 10th April, 2023
S.O. 1690(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, ‘Central Board of Secondary Education, Delhi’, (PANAAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:
(a) Examination Fees;
(b) Affiliation Fees;
(c) Sale of Text Books & Publications;
(d) Registration fees, Sports fees, Training fees and Other Academic receipts;
(e) Receipts from CBSE Projects/Programmes;
(f) Interest on income tax refunds; and
(g) Interest earned on (a) to (f) above.
2. This notification shall be effective subject to Central Board of Secondary Education, Delhi:-
(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 financial year 2020-2021 (for period from 01- 06-2020 to 31-03-2021) and for the financial year 2021-2022 to financial year 2022-2023 and shall be applicable with respect to the financial years 2023-2024 and 2024-2025.
[Notification No. 20/2023/F. No. 196/19/2014-ITA-I]]
SOURABH JAIN, Under Secy
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Download CBDT Notification No. 20/2023 dated 10.04.2023 on income-tax exemption to Central Board of Secondary Education, Delhi in PDF format
 for Tax Exemption u/s 10(46)){kind=link}
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