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of <h1>Income Tax Exemption Under Section 10(46) for Pollution Control Board Income from 2024-25 to 2028-29</h1> The Central Government exempts specified income of a State Pollution Control Board constituted under the Water (Prevention and Control of Pollution) Act, 1974, from income tax under section 10(46) of the Income-tax Act, 1961. The exempt income includes grants from government, various fees related to pollution control acts, interest on loans and fixed deposits, miscellaneous income, and other related fees. The exemption is subject to conditions that the Board must not engage in commercial activities, maintain the nature of specified income unchanged, and file income tax returns as prescribed. This exemption applies retrospectively from the financial year 2024-25 and continues through 2028-29. The notification confirms no adverse effect on any person due to its retrospective application.
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