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of <h1>Maharashtra Electricity Regulatory Commission's Specified Incomes Exempted u/s 10(46) of Income-tax Act, 1961.</h1> The Central Government, under section 10(46) of the Income-tax Act, 1961, has notified the Maharashtra Electricity Regulatory Commission, established by the Maharashtra State Government, regarding specified income exemptions. The exempted incomes include fees for annual licenses, interest on deposits, application fees, government grants, document fees, penalties for delayed payments, RTI fees, and scrap sales. The notification applies retrospectively from June 1, 2011, to March 31, 2012, and for financial years 2012-13 to 2014-15. Conditions include non-engagement in commercial activities, unchanged income nature, and compliance with income return filing requirements. No adverse effects arise from the retrospective application.
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