Central Government Grants Income Tax Exemptions to West Bengal Pollution Control Board u/s 10(46) for 2015-2020.

The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the West Bengal Pollution Control Board for specified income exemptions. The specified incomes include various fees related to environmental assessments, reimbursements from national programs, sale of non-commercial environmental literature, interest on deposits, and other non-commercial activities. The Board must not engage in commercial activities, and the nature of income must remain unchanged. This notification applies to financial years 2015-2020, requiring compliance with the income return provisions under Section 139 of the Income-tax Act.

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