U/s 10(46) of IT Act 1961 - Central Government notifies, ‘SEEPZ Special Economic Zone Authority’ an Authority constituted under the Special Economic Zone Act, 2005 by the Government of India - 36/2022 - Income Tax Act, 1961
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Tax exemption for notified SEZ Authority: specified non commercial incomes exempt subject to non commercial and filing conditions. Notification under clause (46) of section 10 notifies SEEPZ Special Economic Zone Authority (PAN AAALS4995G) as an Authority for exemption of specified incomes: lease rentals/service charges from SEZ units; gate pass fees, fines, penalties and miscellaneous receipts; and interest on bank deposits and investments. The exemption is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and income character across financial years, and filing income returns per clause (g) of sub section (4C) of section 139. The notification is deemed effective for 2020-2021 and 2021-2022 and applicable for 2022-2023 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 notified SEZ Authority: specified non commercial incomes exempt subject to non commercial and filing conditions.
Notification under clause (46) of section 10 notifies SEEPZ Special Economic Zone Authority (PAN AAALS4995G) as an Authority for exemption of specified incomes: lease rentals/service charges from SEZ units; gate pass fees, fines, penalties and miscellaneous receipts; and interest on bank deposits and investments. The exemption is conditional on the Authority not engaging in commercial activity, maintaining unchanged activities and income character across financial years, and filing income returns per clause (g) of sub section (4C) of section 139. The notification is deemed effective for 2020-2021 and 2021-2022 and applicable for 2022-2023 to 2024-2025.
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