CBDT Notifies Income Tax Exemption To FSSAI

The Central Board of Direct Taxes (CBDT) has notified the income tax exemption to Food Safety and Standards Authority of India (FSSAI) under clause (46) 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 FSSAI.

Firstly, grants-in-aid received from the Ministry of Health and Family Welfare.

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.

Thirdly, the penalty as per the provisions of the Food Safety Act, 2006.

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. FSSAI shall file a return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

The notification shall be deemed to have been applied for the financial year 2020-2021 (for the period from 01- 06-2020 to 31-03-2021) and for the financial years 2021-2022 to the financial year 2022-2023 and shall be applicable for the financial years 2023-2024 and 2024-2025.

Notification No. 26 /2023

Date: 06/05/2023

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