CBDT notifies Income Tax Exemption to Haryana State Pollution Control Board [Read Notification]

CBDT notifies Income Tax Exemption to Haryana State Pollution Control Board [Read Notification]

CBDT - Income Tax Exemption - Haryana State Pollution Control Board - Taxscan

The Central Board of Direct Taxes (CBDT) notified that the income of the Haryana State Pollution Control Board is exempted under section 10(46) of the Income Tax Act 1961.

The Central Government empowered under section 10(46) of the Income-tax Act notified the ‘Haryana State Pollution Control Board’ (PAN AAAJH0446F), a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution) Act, 1974, in respect of the specified income arising to the Board.

The specified income includes Grant from Central Government; Grant from State Government; and  Consent fee for permission for setting up industry in the state of Haryana; Analysis fees or air ambient quality survey fees; Testing fees; Authorization fees; NOC fees; Cess reimbursement and cess appeal fees; Fees received under RTI Act, 2005; Public hearing fees; Recognition fees; Interest on loan and advances given to staff; and Interest on fixed deposit.

The notification shall be effective subject to the conditions that Haryana State Pollution Control Board, shall not engage in any commercial activity; activities and the nature of the specified income shall remain unchanged throughout the financial years; and 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; and shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

This notification shall apply with respect to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.

The Central Government empowered under section 10(46) of the Income-tax Act notified the ‘Haryana State Pollution Control Board’ (PAN AAAJH0446F), a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution) Act, 1974, in respect of the specified income arising to the Board.

The specified income includes Grant from Central Government; Grant from State Government; and  Consent fee for permission for setting up industry in the state of Haryana; Analysis fees or air ambient quality survey fees; Testing fees; Authorization fees; NOC fees; Cess reimbursement and cess appeal fees; Fees received under RTI Act, 2005; Public hearing fees; Recognition fees; Interest on loan and advances given to staff; and Interest on fixed deposit.

The notification shall be effective subject to the conditions that Haryana State Pollution Control Board, shall not engage in any commercial activity; activities and the nature of the specified income shall remain unchanged throughout the financial years; and shall file a return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961; and shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

This notification shall apply with respect to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.

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