U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘Telangana State Electricity Regulatory Commission’, Hyderabad, a commission constituted by the State Government of Telangana, in respect of the specified income arising to that Commission - 34/2019 - Income Tax Act, 1961
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Tax exemption for state electricity regulatory commission: specified grants, fees and interest exempt subject to conditions. Notification under clause (46) of section 10 notifies Telangana State Electricity Regulatory Commission, Hyderabad in respect of specified income: grants and loans from the Government of Telangana; fees and sums received under the Electricity Act, 2003; and interest on those amounts. The notification is subject to conditions that the Commission shall not engage in commercial activity, its activities and the nature of specified income remain unchanged, and it files its return of income under clause (g) of sub section (4C) of section 139. It applies for assessment years 2020 2021 to 2024 2025.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for state electricity regulatory commission: specified grants, fees and interest exempt subject to conditions.
Notification under clause (46) of section 10 notifies Telangana State Electricity Regulatory Commission, Hyderabad in respect of specified income: grants and loans from the Government of Telangana; fees and sums received under the Electricity Act, 2003; and interest on those amounts. The notification is subject to conditions that the Commission shall not engage in commercial activity, its activities and the nature of specified income remain unchanged, and it files its return of income under clause (g) of sub section (4C) of section 139. It applies for assessment years 2020 2021 to 2024 2025.
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