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of <h1>Central Government Grants Tax Exemption to Rabindra Setu, Kolkata; Applies to Specific Income from 2019-2024 Under Income-tax Act, 1961.</h1> The Central Government, under the Income-tax Act, 1961, has granted tax exemption to 'The Commissioners for the Rabindra Setu, Kolkata' for specified income. This includes proceeds from municipal and railway taxes, miscellaneous income such as rental and maintenance charges, and interest on bank deposits. The exemption is contingent upon the body not engaging in commercial activities, maintaining the nature of specified income, and filing tax returns as per legal requirements. The notification applies retrospectively from assessment years 2019-2020 to 2023-2024, covering financial years 2018-2019 to 2022-2023, with no adverse effects on any individual.
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