Income Tax Exemption for Himachal Pradesh State Load Despatch Centre · Notification No. 95/2024/F.No.196/20/2021-ITA-I
CBDT notification Notification No. 95/2024/F.No.196/20/2021-ITA-I · 24 Jul 2024
Official title
notification no. 95/2024 f.no. 196/20/2021 ita i / so 2934 e
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Government notifies the Himachal Pradesh State Load Despatch Centre as an exempt body under section 10(46) of the Income-tax Act, 1961. This exemption applies to income from fees or charges under the Electricity Act, 2003 and interest on bank deposits. The body must not engage in commercial activity. The body must maintain the nature of its activities and income throughout the financial years. The body must file a return of income under section 139(4C)(g). This notification applies to Assessment years 2021-2022, 2022-2023, and 2023-2024.
What you must do
- The body must file a return of income.
Key dates
- Applicable Assessment Years
- Not dated
Who is affected
Document text
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th July, 2024
S.O. 2934(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, ‘Himachal Pradesh State Load Despatch Centre, Shimla’, (PAN-AAAAH7757E), a body established by the Government of Himachal Pradesh, in respect of the following specified income arising to that body, namely:
- This notification shall be effective subject to the conditions that Himachal Pradesh State Load Despatch Centre -
- (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 be applicable for Assessment years 2021-2022, 2022-2023 and 2023-2024 relevant to Financial years 2020-2021, 2021-2022 and 2022-2023.
[Notification No. 95/2024/F.No.196/20/2021-ITA-I] VIKAS SINGH, Director (ITA-I)
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.
- a) Income from levy of fees/charges as per Electricity Act, 2003 and as fixed by Himachal Pradesh Electricity Regulatory Commission, and
- b) Interest on bank deposits.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 24 Jul 2024
- Document number
- Notification No. 95/2024/F.No.196/20/2021-ITA-I
- Issuing division
- Central Board of Direct Taxes
- Coverage area
- direct-tax