Central government extends the income tax exemption available to non profit entities to National Mission for Clean Ganga Authority

The central government has extended the exemption to income tax under section 10 of the Income-tax Act, 1961 to National Mission for Clean Ganga Authority, subject to the fulfilment of the following conditions, namely:

  1. Shall not engage in any commercial activity;
  2. Activities and the nature of the specified income shall remain unchanged throughout the financial year; and
  3. 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.

This notification shall be deemed to have been applied for assessment years 2020-21 to 2023-2024 relevant for the financial years 2019-20 to 2022-2023 respectively.