Income Tax Exemption for Forum of Regulators · S.O. 2740(E)
CBDT notification S.O. 2740(E) · 19 Jun 2025
Official title
notification no. 66/2025 f. no. 300196/33/2012 ita i / s.o. 2740 e
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Government notifies the Forum of Regulators as an authority for income tax exemption under section 10 clause 46 of the Income-tax Act 1961. This exemption applies to grants from the Government, membership fees from electricity regulatory commissions, and interest on bank deposits. The Forum of Regulators must not engage in commercial activity. The nature of its activities and specified income must remain unchanged. The authority must file a return of income under section 139 subsection 4C clause g. This notification applies retrospectively for the financial years 2011-2012 to 2015-2016.
What you must do
- The Forum of Regulators must file a return of income.
Key dates
- Effective from
- 01 Apr 2011
- Commencement of retrospective application
Document text
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th June, 2025
S.O. 2740(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, ‘Forum of Regulators’ (PAN: AAAJF0126G), an authority constituted by Govt. of India, Ministry of Power, in exercise of the powers conferred by sub-section (2) of section 166 of the Electricity Act, 2003 (No. 36 of 2003) in respect of the following specified income arising to that authority, namely :-
- (a) Grants received from the Government;
- (b) Membership fees received from Central and State Electricity Regulatory Commissions and
- (c) Interest earned on bank deposits.
- This notification shall be effective subject to the conditions that the Forum of Regulators: -
- (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 2011-2012 to 2015-2016 relevant to assessment years 2012-2013 to 2016-2017.
[Notification No. 66/2025/F. No. 300196/33/2012-ITA-I] MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 19 Jun 2025
- Document number
- S.O. 2740(E)
- Issuing division
- Central Board of Direct Taxes
- Effective date
- 01 Apr 2011
- Coverage area
- direct-tax