The Central Board of Direct Taxes (CBDT) notified the Madhya Pradesh and Chandigarh Pollution Control Board, Gujarat State Aids Control Society eligible for Section 10(46) Income Tax Exemption.
The Madhya Pradesh Pollution Control Board has been constituted by the State Government of Madhya Pradesh under the Water (Prevention and Control of Pollution) Act, 1974 is eligible for Section 10(46) Income Tax Exemption in respect of the specified income arising to the Board, namely Grant or financial assistance from Governments or its agencies; Consent fees or no objection certificate fees; Analysis fees on air quality and water quality or noise level survey fees; Authorization fees; Cess reimbursement and cess appeal fees; (f) Reimbursement of the expenses received from the Central Pollution Control Board towards National Air Monitoring Program, the Monitoring of Indian National Aquatic resources and like schemes; Sale of books relating to environmental law, regulations, important judicial orders and environmental issues where no profit element is involved and the activity is not commercial in nature; Interest on deposits; Public hearing fees; Vehicle emission monitoring test fees; Fees received for processing by State Environmental Impact Assessment Authority; Fees collected for training conducted by the Environmental Training Institute of the Board where no profit element is involved and the activity is not commercial in nature; Fees received under the Right to Information Act, 2005 (22 of 2005) and appeal fees; Interest on loans and advances given to the staff; and Pollution cost or forfeiture of bank Guarantee due to non-compliance. This notification shall apply with respect to the financial years 2021-2022, 2022-2023, 2023-2024, 2024-2025, and 2025-2026.
The Chandigarh Pollution Control Board is a body constituted under Section 4, clause (4) of the Water (Prevention and Control of Pollution) Act, 1974 and Section 6 of the Air (Prevention and Control of Pollution) Act, 1981 is eligible for the Income Tax Exemption in respect of the specified income arising to that body, namely Grant-in-aid from CPCB New Delhi; Grant-in-aid received from the Union Territory of Chandigarh Administration; Consent fees; Environment Compensation and penalties; Biomedical waste authorization fees; Bank guarantee forfeiture; Reimbursement of NAMP Project Expenses (CPCB); Stack, Analysis, Water & air testing fees; Water cess receipts; Interest income earned thereon. This notification shall be deemed to have been applied for the period from 01-06-2020 to 31-03- 2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023- 2024, and 2024-2025.
The Gujarat State Aids Control Society is a Society constituted by the State Government of Gujarat, in respect of the specified income arising from that Society Grant received from NACO; and Interest income. This notification shall be deemed to have been applied for the period from 01-06-2020 to 31-03- 2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023- 2024, and 2024-2025.
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