https://www.taxtmi.com/highlights?id=89680 The Central Government issued Notification No. 66/2025 under section 10(46) of the Income Tax Act, 1961, granting tax exemption to the Forum of Regulators, a statutory authority established under the Electricity Act, 2003. The exemption applies to specified income including government grants, membership fees from electricity regulatory commissions, and interest on bank deposits. The notification operates retrospectively from FY 2011-12 to 2015-16, covering assessment years 2012-13 to 2016-17. Exemption conditions require the authority to refrain from commercial activities, maintain unchanged income nature, and file mandatory returns under section 139(4C)(g). The government certified no adverse impact from the retrospective application of this tax exemption notification. en-us Sat, 21 Jun 2025 17:35:44 +0530 Sat, 21 Jun 2025 17:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89680 The Central Government issued Notification No. 66/2025 under section 10(46) of the Income Tax Act, 1961, granting tax exemption to the Forum of Regulators, a statutory authority established under the Electricity Act, 2003. The exemption applies to specified income including government grants, membership fees from electricity regulatory commissions, and interest on bank deposits. The notification operates retrospectively from FY 2011-12 to 2015-16, covering assessment years 2012-13 to 2016-17. Exemption conditions require the authority to refrain from commercial activities, maintain unchanged income nature, and file mandatory returns under section 139(4C)(g). The government certified no adverse impact from the retrospective application of this tax exemption notification. Highlights Income Tax Sat, 21 Jun 2025 17:35:44 +0530 https://www.taxtmi.com/highlights?id=89680