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The Central Government notifies specified income of the Uttarakhand Environment Protection & Pollution Control Board for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961. The exemption applies to consent fees, no objection certificate fees, bio medical waste fees, hazardous fees, stack and analysis fees, bank guarantee forfeitures, Right to Information application charges, expense reimbursements from the Central Pollution Control Board, monitoring fees, interest from savings accounts and fixed deposit receipts, public hearing fees, staff house loan advance interest, and income from old scrap sales and tender fees. The Board must not engage in commercial activity. The activities and nature of the specified income must remain unchanged. The Board must file its return of income and an audit report with a chartered accountant certificate.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th May, 2020
S.O. 1658(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, ‘Uttarakhand Environment Protection & Pollution Control Board’, Dehradun(PAN AAALU0160D), a Board constituted by the Government of Uttarakhand, in respect of the following specified income arising to that Board, namely:—
[Notification No. 28 /2020/F.No.300196/16/2019-ITA-I] PRAJNA PARAMITA, Director