Notification No. 103/2021 [F. No.300196/36/2017-ITA-I] / SO 3659(E) : Notification No. 103/2021 [F. No.300196/36/2017-ITA-I] / SO 3659(E)

(Department of Revenue)

New Delhi, the 10th September, 2021

S.O. 3659(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, ‘District Mineral Foundation
Trust’ as specified in the schedule to this notification, constituted by Government in exercise of powers conferred
under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a ‘class of Authority’, in respect of the following specified income arising to that Authority, namely :-

(a) Contribution by lease Holder to DMF as per the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015;
(b) Interest received from lease holders for late payment;
(c) Any Penalty charged to lease holder;
(d) Income from Interest on fund available under DMF;
(e) Interest received on Saving Bank Accounts; and
(f) Interest received on Excess Fund invested in Term Deposit.

Download full notification :- notification-103-2021

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