CBDTNotificationNotification No. 6/2019 / F. No. 300196/17/2016-ITA-I30 Jan 2019

Income Tax Exemption for Joint Electricity Regulatory Commission

Who: Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi)
Action: File return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961

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What changed

The Central Government notifies specified income of the Joint Electricity Regulatory Commission for the State of Goa and Union Territories except Delhi under section 10 of the Income-tax Act, 1961. The specified income includes petition fees, licence fees, and interest earned on petition fees and licence fees. The Commission must not engage in any commercial activity. The activities and the 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. This notification applies for the assessment years 2017-2018, 2018-2019, 2019-2020, 2020-2021, and 2021-2022.

What you must do

File return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961

Key dates

Assessment Years 2017-2018 and 2018-2019: Not dated
Assessment Years 2019-2020, 2020-2021 and 2021-2022: Not dated

Law this touches

Who is affected

Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi)

Ask about this notification

Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

Prepared for reading; wording retained from the source.

Official source

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th January, 2019

S.O. 552(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, ‘Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi)’, a commission constituted by the Government of India, in respect of the following specified income arising to that Commission, namely:—

(a) Petition fees;
(b) Licence fees; and
(c) Interest earned on (a) and (b) above.

This notification shall be effective subject to the conditions that Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi)—

(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

This notification shall be deemed to have been applied for the assessment years 2017-2018 and 2018- 2019 and shall apply with respect to the assessment years 2019-2020, 2020-2021 and 2021-2022.

[Notification No. 6/2019/F. No. 300196/17/2016-ITA-I]

RAJARAJESWARI R., Under Secy.

Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification.

Source details

Official title: notification no. 6/2019 f.no.300196/17/2016 ita i / so 552 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 30 Jan 2019
Document number: Notification No. 6/2019 / F. No. 300196/17/2016-ITA-I
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Income Tax Exemption for Joint Electricity Regulatory Commission

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