CBDT Grants Income Tax Exemption to FSSAI Under Section 10(46A)

The Central Board of Direct Taxes (CBDT) has granted an income tax exemption to the Food Safety and Standards Authority of India (FSSAI) under Section 10(46) of the Income Tax Act. The FSSAI is the country's apex body for regulating food safety and standards. This notification exempts the specified income of the FSSAI, such as fees received for licensing and registration of food businesses, from income tax. This tax relief is provided to government-constituted bodies that are established for a public purpose and are not engaged in commercial activities. The exemption will provide significant financial relief to the FSSAI, allowing it to utilize its entire revenue for its core functions of ensuring the availability of safe and wholesome food for the country's population, without any outflow towards income tax.