Laws and sections by number or title, due dates, pages, and updates.
The Central Government notifies the Telangana State Electricity Regulatory Commission for income tax exemption under section 10 of the Income-tax Act, 1961. The exemption applies to specific income from government grants and loans, fees under the Electricity Act, 2003, and related interest earnings. The Commission must not engage in commercial activity. The activities and nature of the specified income must remain unchanged throughout the financial years. The Commission must file a return of income under section 139 of the Income-tax Act, 1961. The notification applies to the assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.
What you must do
Key dates
Law this touches
Who is affected
Ask about this notification
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th April, 2019
S.O. 1538(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, ‘Telangana State Electricity Regulatory Commission’, Hyderabad, a commission constituted by the State Government of Telangana, in respect of the following specified income arising to that Commission, namely:—
[Notification No. 34/2019/F.No.300196/8/2019-ITA-I] RAJARAJESWARI R., Under Secy.
