Laws and sections by number or title, due dates, pages, and updates.
The Central Government notifies the Tripura Electricity Regulatory Commission for income tax exemption under section 10 clause 46 of the Income-tax Act, 1961. The exemption applies to specific income sources that include state government grants, annual license fees, petition fees, tender fees or earnest money, and interest on these amounts. The Commission must not engage in commercial activity. The Commission must keep its activities and the nature of the specified income unchanged throughout the financial years. The Commission must file a return of income under section 139 sub-section 4C clause g. The notification applies to the assessment year 2018-19 and assessment years 2019-20, 2020-21, 2021-22, and 2022-23.
What you must do
Key dates
Law this touches
Who is affected
Ask about this notification
MINISTRY OF FINANCE (Deparment of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 14th September, 2018
S.O. 4863(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, ‘Tripura Electricity Regulatory Commission’, a commission constituted by the State Government of Tripura, in respect of the following specified income arising to the said Commission, namely:--
[Notification No. 49 /2018/F.No.300196/32/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.
