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The Central Government notifies specified income of the Jharkhand State Electricity Regulatory Commission for income tax exemption under section 10 clause 46 of the Income-tax Act 1961. The exemption applies to grants, petition fees, license fees, application fees, document fees, Right to Information fees, and related interest income. The Commission must not engage in commercial activity and must keep its activities and income nature unchanged. The Commission must also file a return of income under section 139 sub-section 4C clause g. The notification applies for assessment years 2019-2020 through 2023-2024.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th September, 2018
S.O. 4865(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, ‘Jharkhand State Electricity Regulatory Commission’, Ranchi, a commission constituted by the State government of Jharkhand, in respect of the following specified income arising to the said Commission, namely:—
[Notification No. 51/2018/F. No. 300196/23/2018-ITA-I] VINAY SHEEL GAUTAM, Under Secy.
