CBDT Notifies Income Tax Exemption To FSSAI
Live LawThe Central Board of Direct Taxes has notified the income tax exemption to Food Safety and Standards Authority of India under clause of section 10 of the Income-tax Act, 1961.The Food Safety and Standards Authority of India is an Authority established by the Ministry of Health and Family Welfare, Government of India.The CBDT has exempted various incomes of. The Central Board of Direct Taxes has notified the income tax exemption to Food Safety and Standards Authority of India under clause of section 10 of the Income-tax Act, 1961. Secondly, statutory fees such as license fees, registration fees, and analysis or testing of food samples fee fixed through regulations made under the Food Safety Act, 2006, and approved by the Government of India. The exemption is based on conditions namely FSSAI shall not engage in any commercial activity; activities and the nature of the specified income shall remain unchanged throughout the financial years.
History of this topic
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