This notification from the Ministry of Finance grants tax exemption to the Haryana State Pollution Control Board for specific income sources. These include grants from government bodies, various fees related to industry and pollution control, and certain interest income. The exemption is subject to conditions, such as the board not engaging in commercial activities and filing appropriate tax returns and audit reports.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd February, 2021
S.O. 813(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, Haryana StatePollution Control Board (PAN AAAJH0446F), a Board constituted by the State Government of Haryana underthe Water (Prevention and Control of Pollution) Act, 1974,
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FAQ :
The Haryana State Pollution Control Board is being notified for tax exemption under clause (46) of section 10 of the Income-tax Act, 1961, for specified income.
The notification covers income such as grants from Central and State Governments, consent fees, analysis fees, testing fees, authorization fees, NOC fees, cess reimbursement and appeal fees, RTI fees, public hearing fees, recognition fees, and interest on staff loans and fixed deposits.
The conditions include not engaging in any commercial activity, maintaining the unchanged nature of activities and specified income, and filing income tax returns and audit reports as per the Income-tax Act.
This notification applies to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.
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Notification No : 8/2021Published in Income Tax
Source : https://www.incometaxindia.gov.in/communications/notification_8_2021.pdf