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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Notification: Exemption from specified income u/s 10(46) for Tamil Nadu Water Supply and Drainage Board, Chennai.

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Full Text of the Document

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....The Ministry of Finance (CBDT), u/s 10(46) of the Income-tax Act, 1961, has issued Notification No. 43/2024, granting exemption to the 'Tamil Nadu Water Supply and Drainage Board, Chennai' from specified income. The Board, constituted u/s the Tamil Nadu Water Supply and Drainage Board Act, 1970, is exempted from income including water charges, centage charges, project report preparation charges, and interest on bank deposits. The exemption is subject to conditions such as non-engagement in commercial activities, maintaining unchanged activities and income nature, and filing income tax returns as per u/s 139(4C). The notification is effective for assessment years 2024-2029, relevant to financial years 2023-2028.....

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