Quick Summary
In a major relief for the Karnataka State Pollution Control Board (KSPCB), the Central Government has notified income-tax exemption on specific sources of income under Section 10(46) of the Income-tax Act, 1961. As per Notification No. 71/2025 issued by the Ministry of Finance (Department of Revenu
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FAQ :
The KSPCB is receiving an income tax exemption on specific sources of income, including consent fees from industries, water and air analysis charges, environmental compensation fees, grants, subsidies, and miscellaneous income.
The exemption is granted under Section 10(46) of the Income-tax Act, 1961.
KSPCB must not engage in any commercial activity, the nature of its specified income and activities must remain unchanged, and it must file its income tax return as per Section 139(4C)(g).
Yes, the exemption has retrospective effect for Assessment Years 2024-25 and 2025-26 (Financial Years 2023-24 and 2024-25) and will apply prospectively for AYs 2026-27 to 2028-29 (FYs 2025-26 to 2027-28).
The move is intended to streamline KSPCB's financial operations and allow it to better focus on its environmental regulatory functions without the burden of tax liabilities on its statutory income sources.
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