https://www.taxtmi.com/notifications?id=142613 Notification grants exemption under clause (46) of section 10 for specified receipts of a public water supply and sewerage board, including government grants, prescribed centage, government-fixed water charges, pension and gratuity contributions, ancillary receipts (investigation, hire, tender schedule sales, rent) and interest on bank deposits. The exemption is conditional on absence of commercial activity,unchanged nature of activities and incomes across financial years, and compliance with the return-filing requirement; it applies retrospectively to certain assessment years and prospectively to a defined set of subsequent assessment years. en-us Fri, 11 Oct 2024 00:00:00 +0530 Mon, 14 Oct 2024 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142613 Notification grants exemption under clause (46) of section 10 for specified receipts of a public water supply and sewerage board, including government grants, prescribed centage, government-fixed water charges, pension and gratuity contributions, ancillary receipts (investigation, hire, tender schedule sales, rent) and interest on bank deposits. The exemption is conditional on absence of commercial activity,unchanged nature of activities and incomes across financial years, and compliance with the return-filing requirement; it applies retrospectively to certain assessment years and prospectively to a defined set of subsequent assessment years. Notifications Income Tax Fri, 11 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142613