notification no. 90/2018 f.no.300196/60/2018 ita i /so 6355 e

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2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th December, 2018 S.O. 6355(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, ‘Rajasthan State Open School Society’, Jaipur, a society constituted by the State Government of Rajasthan, in respect of the following specified income arising to that Society, namely:- (a) Admission fees of students, Exam fees and Duplicate Marks Sheet fees; and (b) Interest earned on (a) above. 2. This notification shall be effective subject to the conditions that Rajasthan State Open School Society, Jaipur- (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 assessment years 2016-2017, 2017-2018 and 2018-2019 and shall apply with respect to the assessment years 2019-2020 and 2020-2021. [Notification No. 90/2018/F. No. 300196/60/2018-ITA-I] VINAY SHEEL GAUTAM, Under Secy. Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.