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of <h1>Karnataka Electricity Regulatory Commission Income Types Recognized; Must File Returns, No Commercial Activities Allowed, AY 2020-2025.</h1> The Central Government has issued a notification regarding the Karnataka Electricity Regulatory Commission, established by the Government of Karnataka, under clause (46) of section 10 of the Income-tax Act, 1961. The notification specifies that certain types of income for this commission, including grants, fees, fines, penalties, and interest, are recognized. The commission is required not to engage in commercial activities, maintain the nature of its income, and file income returns as per legal provisions. This notification applies to the assessment years from 2020-2021 to 2024-2025.
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