The Ministry of Finance (MoF) on January 23, 2024, issued a notification regarding the applicability of the income arising to various Welfare Boards.
The following has been stated namely: -
• It states that in the notifications S.O. 2774(E) dated July 09, 2021, S.O. 2826(E) dated July 14, 2021, S.O. 4523(E) dated October 29, 2021, S.O. 4525(E) dated October 29, 2021, S.O. 73(E) dated January 06, 2022, S.O. 1769(E) dated April 11, 2022, S.O. 1977(E) dated April 28, 2022, S.O. 1044(E) dated March 03, 2023, S.O. 1690(E) dated April 10, 2023, and S.O. 2155(E) dated May 10, 2023, paragraph 3 shall be read as the following, namely, -
“This notification shall be deemed to have been applied for the financial year 2020-2021 to the financial year 2024-2025 relevant to the assessment year 2021-2022 to the assessment year 2025-2026.”
• It states that in the Notification No. S.O. 1585(E) dated April 01, 2023, paragraph 3 shall be read as the following, namely, -
“This notification shall be deemed to have been applied for the financial year 2020-2021 to the financial year 2022-2023 relevant to the assessment year 2021-2022 to the assessment year 2023-2024.”
[Notification No. S.O. 327(E)]
