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<h1>Gujarat Electricity Regulatory Commission Gains Tax Exemption on Specified Income for FY 2021-2026 Per Section 10(46.</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, has notified the Gujarat Electricity Regulatory Commission, Gandhinagar, exempting specified income from tax. This includes the annual license fee, petition fee, and interest earned on deposits and savings accounts. The exemption is effective for financial years 2021-2022 to 2025-2026, provided the Commission does not engage in commercial activities, maintains the nature of its specified income, files income returns, and submits an audit report verified by an accountant. Compliance with these conditions is mandatory for the notification's applicability.