Centre Grants Income Tax Exemption to Food Safety and Standards Authority of India

The Central Government has granted an income tax exemption to the Food Safety and Standards Authority of India (FSSAI). The exemption has been notified under Section 10(46) of the Income Tax Act. The FSSAI is the primary regulatory body responsible for setting and enforcing the standards for food products in the country. The notification provides that the specified income of the FSSAI, which includes fees from licensing, registration, and other regulatory charges, will not be subject to income tax. This exemption is typically granted to government-constituted bodies that are not engaged in commercial activities. This move will allow the FSSAI to use its entire revenue for its public welfare functions of ensuring food safety and promoting public health, without any tax liability on its core income streams.