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U/s 10(46) of the Income-tax Act, 1961 Central Government notifies State Load Despatch Centre Unscheduled Interchange Fund- West Bengal State Electricity Transmission Company Limited (PAN AAIAS0980J), a trust constituted under the Electricity Act, 2003 (36 of 2003) in respect of the specified income arising to that trust - 53/2018 - Income Tax Act, 1961
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Tax exemption for specified electricity sector trust notified, conditional on non-commerciality and mandatory income filing compliance. The Central Government notified that the State Load Despatch Centre Unscheduled Interchange Fund - West Bengal State Electricity Transmission Company Limited (PAN AAIAS0980J) is exempt in respect of residual unscheduled interchange pool balances, income incidental to unscheduled interchange, and interest on fixed deposits and auto-sweep accounts, subject to conditions: no engagement in commercial activity, unchanged nature of activities and specified income across financial years, and filing of return of income as required.
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Tax exemption for specified electricity sector trust notified, conditional on non-commerciality and mandatory income filing compliance.
The Central Government notified that the State Load Despatch Centre Unscheduled Interchange Fund - West Bengal State Electricity Transmission Company Limited (PAN AAIAS0980J) is exempt in respect of residual unscheduled interchange pool balances, income incidental to unscheduled interchange, and interest on fixed deposits and auto-sweep accounts, subject to conditions: no engagement in commercial activity, unchanged nature of activities and specified income across financial years, and filing of return of income as required.
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