Tax Exemption for Karnataka State Pollution Control Board under Section 10(46) of the Income-tax Act, 1961

Last updated: 05 July 2025

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The Central Government has granted a tax exemption to the Karnataka State Pollution Control Board (KSPCB) under Section 10(46) of the Income-tax Act, 1961. This exemption applies to specific income sources, including consent fees, analysis charges, environmental compensation fees, and grants received from government bodies. The exemption is subject to conditions, such as the KSPCB not engaging in commercial activities and maintaining the nature of its specified income. This notification is effective retrospectively for assessment years 2024-2025 to 2025-2026 and prospectively for 2026-2027 to 2028-2029.

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 2nd July, 2025 S.O. 2961(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, Karnataka State Pollution Control Board, Bengaluru (PAN- AAALK0537G), a Board constituted by the State Government of Karnataka under Water (Prevention and Control of Pollution) Act, 1974 (

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1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

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4999

(Excl. of GST ₹899)

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FAQ :

This notification grants a tax exemption to the Karnataka State Pollution Control Board under Section 10(46) of the Income-tax Act, 1961, for specific types of income.

The exemption covers income from consent fees, water and air analysis charges, environmental compensation fees, government grants/assistance, interest income on these funds, and miscellaneous income incidental to its core activities.

The Board must not engage in any commercial activity, its activities and income nature must remain unchanged, and it must file its income tax return as per the Income-tax Act.

The notification is deemed effective for assessment years 2024-2025 to 2025-2026 (financial years 2023-2024 to 2024-2025) and will be applicable for assessment years 2026-2027 to 2028-2029 (financial years 2025-2026 to 2027-2028).

The fees collected are in accordance with the Water (Prevention & Control of Pollution) Act, 1974, and the Air (Prevention & Control of Pollution) Act, 1981.

Notification No : [Notification No. 71 /2025/F. No. 300196/29/2024-ITA-I
Source : https://egazette.gov.in/(S(rlaqz3cjtqyfwgbhfy3zg2zx))/ViewPDF.aspx

Attached File : 322600_11474_264320.pdf

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