Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Maharashtra Electricity Regulatory Commission's Income Exempt from Tax u/s 10(46) for 2021-2026, Subject to Conditions.</h1> The Central Government has notified the Maharashtra Electricity Regulatory Commission under section 10(46) of the Income-tax Act, 1961, exempting specified income from taxation. This includes grants from the Maharashtra government, various fees, interest on deposits, and other specified income sources. The commission must not engage in commercial activities, maintain the nature of its income, and file income returns and audit reports as stipulated. This notification applies to assessment years 2021-2022 through 2025-2026, with conditions to ensure compliance with the Income-tax Act requirements.