Tax exemption notification under section 10(46): specified regulatory commission incomes exempted subject to compliance requirements. Notification under section 10(46) recognises Gujarat Electricity Regulatory Commission for specified income-annual license fee, petition fee, and interest on deposits with nationalised banks/state sponsored institutions-subject to conditions: no commercial activity, unchanged activities and income nature across years, return filing per clause (g) of s.139(4C), and filing an audit report with the return verified under the explanation to s.288(2) along with a chartered accountant's certificate. Applicability limited to financial years 2021 22 through 2025 26.
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Tax exemption notification under section 10(46): specified regulatory commission incomes exempted subject to compliance requirements.
Notification under section 10(46) recognises Gujarat Electricity Regulatory Commission for specified income-annual license fee, petition fee, and interest on deposits with nationalised banks/state sponsored institutions-subject to conditions: no commercial activity, unchanged activities and income nature across years, return filing per clause (g) of s.139(4C), and filing an audit report with the return verified under the explanation to s.288(2) along with a chartered accountant's certificate. Applicability limited to financial years 2021 22 through 2025 26.
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