The Central Board of Direct Taxes on 10th May, 2023 has extended the income tax exemption under section 10 of the Income-tax Act, 1961 to Food Safety and Standards Authority of India and the Pune Metropolitan Region Development Authority, in respect of the following specified income arising to that Authority, namely:
(a) grants-in-aid received from the Ministry of Health and Family Welfare;
(b) statutory fees such as licence fee, registration fee, analysis or testing of food samples fee fixed
through regulations made under the Food Safety Act, 2006 (No.34 of 2006) and approved by the
Government of India;
(c) penalty as per the provisions of the Food Safety Act, 2006 (No.34 of 2006); and
(d) income earned on (a) to (c) above.
This notification shall be effective subject to the conditions that the authorities shall,-
(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.
