TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax exemption u/s 10(46) granted to state industrial authority for specified income, with retrospective assessment years</h1> The Central Government, exercising powers under section 10(46) of the Income-tax Act, 1961, grants tax exemption to a state industrial development authority constituted by the Uttar Pradesh Government for specified income categories. Exempt income includes state government grants, proceeds from disposal and renting of movable and immovable properties, interest and dividends, and all fees, tolls, and charges received under the Uttar Pradesh Industrial Area Development Act, 1976. The exemption is conditional on the authority not engaging in commercial activity, maintaining unchanged activities and income nature, and filing returns under section 139(4C)(g). The notification applies retrospectively to assessment years 2012-13 to 2015-16, with no person adversely affected.
TaxTMI 
TaxTMI 
