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<h1>SEEPZ Special Economic Zone Authority Gains Tax Exemption on Specified Incomes u/s 10(46) of Income-tax Act.</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, has notified the SEEPZ Special Economic Zone Authority as exempt from tax on specified incomes. These incomes include lease rentals and service charges, gate pass entry fees, fines, penalties, miscellaneous income from the sale of garbage, and interest on bank deposits and investments. The exemption is contingent on the authority not engaging in commercial activities, maintaining the nature of specified income, and filing income returns as required. This notification applies retrospectively for financial years 2015-2016 and 2016-2017, and prospectively for 2017-2018 to 2019-2020.