MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 2nd September, 2025

(Income-tax)

 S.O. 4010(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, ‘Maharashtra State Pharmacy Council’ (PAN: AAHAM7600C), a body constituted by the Government of Maharashtra, in respect of the following specified income arising to that Council, namely:-

                (a)       Fees and Subscriptions.

(b) Interest Income  

2.   This notification shall be effective subject to the conditions that Maharashtra State  Pharmacy Council -  

(a) shall not engage in any commercial activity;

2. activities and the nature of the specified income shall remain unchanged throughout the financial years; 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.

3.   This notification shall be deemed to have been applied for financial years 2018-19, 2019-20, 2020-21,  2021-2022, 2022-23 relevant to assessment year 2019-20, 2020-21, 2021-2022, 2022-23, 2023-24.

[Notification No.  144 /2025/F. No. 300196/15/2019-ITA-I]

MEENAKSHI SINGH, Dy. Secy.  

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.