Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “'Rajasthan State Pollution Control Board” a Board constituted by the Government of Rajasthan, in respect of the certain specified income arising to the said Board - 34/2015 - Income Tax

Rajasthan State Pollution Control Board's Income Exempted Under Section 10(46) of Income-tax Act for 2012-17

The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the Rajasthan State Pollution Control Board, established under the Water (Prevention and Control of Pollution) Act, 1974, regarding specified income exemptions. The exempted income includes government grants, license fees, fines, and interest earned on these amounts for the financial years 2012-13 to 2016-17. The Board must not engage in commercial activities, maintain the nature of income, and file income returns as per the Act's provisions to qualify for these exemptions.