CBDTNotificationNotification No. 65/201720 Jul 2017

State Pollution Control Board Odisha Income Tax Exemption

Who: State Pollution Control Board, Odisha
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 the State Pollution Control Board, Odisha, under section 10, clause 46, of the Income-tax Act, 1961, for specified income categories. The specified income includes statutory Consent fees, share of Water Cess, penalties and levies, grant-in-aid, interest, and contributions for environmental studies. The notification applies to the financial years 2015-2016, 2016-2017, 2017-2018, 2018-2019, and 2019-2020. The board must not engage in any commercial activity. The activities and nature of the specified income must remain unchanged. The board must file a return of income under section 139, sub-section 4C, clause g.

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

Financial Years 2015-2016 and 2016-2017 (Retrospective application): Not dated
Financial Years 2017-2018, 2018-2019 and 2019-2020: Not dated

Law this touches

Who is affected

State Pollution Control Board, Odisha

Ask about this notification

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Document text

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Official source

SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY NOTIFICATION NO. SO 2276(E) [NO.65/2017 (F.NO.300196/10/2017-ITA-I)], DATED 20-7- 2017

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, the State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the following specified income arising to that board, namely:—

(a) statutory Consent fees;
(b) share of Water Cess from MOEF &CC, of Government of India;
(c) penalties & Levies collected under governing statutes;
(d) grant-in-aid received from Central & State Governments;
(e) grant in Aid received on behalf of Central & State Governments in the capacity of nodal agency;
(f) income by way of interest;
(g) share of contributions received for carrying out environmental studies & research.

This notification shall be effective subject to the conditions that State Pollution Control Board, Odisha,—

(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 financial Years 2015-2016, 2016-2017* and shall apply with respect to the Financial Years 2017-2018, 2018-2019 and 2019-2020.

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

Source details

Official title: notification no. 65/2017 f.no.300196/10/2017 ita i / so 2276 e section 10 46 of the income tax act 1961 exemptions statutory body/authority/board/commission notified body or authority
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 20 Jul 2017
Document number: Notification No. 65/2017
Issuing division: ITA-I
Coverage area: direct-tax

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State Pollution Control Board Odisha Income Tax Exemption

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