The Ministry of Finance (CBDT), u/s 10(46) of the Income-tax ...

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

May 25, 2024

Notifications Income Tax

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.

View Source

← Previous Next →

The Ministry of Finance (CBDT), u/s 10(46) of the Income-tax ...

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

May 25, 2024

Notifications Income Tax

You may also like:

Exemption from specified income U/s 10(46) – ‘Godavari River Management Board, Hyderabad’ notified - Notification

Exemption from income tax to specified income arising to a body or authority or Board or Trust or Commission - U/s 10(46) of IT Act 1961 - Central Government notifies,...

Works Contract Service on supply and laying of pipelines for water supply project awarded by Tamil Water Supply and Drainage Board - Stay granted. - AT

Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), a body constituted by State Government of Karnataka, is exempted from income tax u/s 10(46) of...

Notification issued u/s 10(46) of Income Tax Act, 1961 exempting specified income of Uttaranchal Board of Technical Education, Roorkee (PAN: AAALU0281D) from income tax,...

SEZ notified at Kalapatty Village, Coimbatore District in the State of Tamil Nadu - Notification

Levy of GST - Forward supply - rate of GST - Tertiary Treated Water - In the subject case, the water supplied by the applicant to mahagenco is obtained after the...

The CBDT has notified "The Delhi Building and Other Construction Workers Welfare Board" for exemption under section 10(46) of the Income-tax Act, 1961. The specified...

The Central Government has notified 'West Bengal Transport Workers' Social Security Scheme' (PAN AAALW0133G) for exemption from specified income u/s 10(46) of the Income...

Central Silk Board, Bengaluru (PAN: AAALC0093M) is exempted from income tax u/s 10(46) of the IT Act, 1961 on specified incomes like grants, compensation from property...

Central Government notifies Punjab Skill Development Mission Society, Chandigarh (PAN: AAAAE8085G) for exemption from specified income u/s 10(46) of Income Tax Act, 1961....

Exemption claim u/s 10(46) requires substantive conditions, including being a "notified" authority. The assessee has not been notified u/s 10(46)(c), which is the...

Classification of goods - GST rate - water chillar plants supplied by the applicant for use in the warships, vessel and submarines to be deployed by the Indian Navy -...

Notification exempting specified income of 'Kalyan Karnataka Region Development Board' (PAN AAAGH0732F), a Board constituted by Karnataka Government, from income tax u/s...

Denial of exemption u/s 10(46) was incorrect - petitioner was not systematically indulging in commercial activities with profit motive - loans extended were not for...

Quick Updates: