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Direct Tax »
 ITR filing: Prefilled ITRs now available for all individuals
 How to arrange for tax money if you don’t have adequate funds Income Tax Return 2019
 Nature of income can determine rate of TDS charged
 Section 194A – TDS on interest other than interest on securities
 File Income Tax return before last date and avoid these consequences ITR filing
 Claiming tax refund in your ITR? Don't forget to pre-validate your bank account
 Section 193 – TDS on Interest on Securities
 If you miss to file return by due date, you will be penalised, even get jailed
 Don’t blindly rely on pre-filled ITR Form; correct discrepancies, if any before submission
  Notification No. 52/2019 Central Board Of Direct Taxes
 I-T Department cautions employees on Form 16

Notification No. 51/2019 Central Board Of Direct Taxes
July, 08th 2019
                                          MINISTRY OF FINANCE
                                           (Department of Revenue)
                                  (CENTRAL BOARD OF DIRECT TAXES)
                                         New Delhi, the 4th July, 2019
         S.O. 2377(E).--In supersession of Gazette Notification No.2726(E) dated 17.08.2016, the Central
Government in exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961(43 of
1961), hereby notifies for the purposes of the said clause, `National Skill Development Corporation' (PAN
AACCN8680L), a body constituted by the Central Government, in respect of the following specified income
arising to that body, namely:-
(a) Amount received in the form of Government grants. (b) Amount received in the form of grants for skill development other Government grants; (c) Long-term or short-term capital gain out of investment in an organisation for skill development; (d) Dividend and royalty from skill development venture supported or funded by National Skill Development Corporation; (e) Income from Accreditation Fees, Registration fees, fees from training partners and other cost recovery from its skill development activities; (f) Administrative & Mobilization fees from the scheme management; (g) Income from institutions outside India for skilling, Training & Employability; (h) Interest on loans to Institutions for skill development; (i) Miscellaneous income, like sale of scrap, Profit on sale of assets, RTI application fees, forfeiture of Bank Guarantee, interest on income tax refund, excess provision written back; and (j) Interest earned on (a) to (i) above. 2. The provisions of this notification shall be effective subject to the conditions that National Skill Development Corporation,- (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income remain unchanged throughout the financial years; and (c) shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961. 3. This notification shall be deemed to have been applied for the assessment year 2017-2018, 2018-2019, 2019-2020 and shall apply with respect to the assessment years 2020-2021 and 2021-2022. [Notification No. 51/2019, F.No.196/39/2015-ITA-I] RAJARAJESWARI R., 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. MANOJ Digitally signed by MANOJ KUMAR KUMAR VERMA Date: 2019.07.06 VERMA 14:42:17 +05'30'
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