CBDT exempts income of Tamil Nadu Pollution Control board

CBDT exempts income of Tamil Nadu Pollution Control board U/S 10(46) of Income Tax Act 1961 videNOTIFICATION Number 58/2018 dated26th September, 2018

CBDT exempts income of Tamil Nadu Pollution Control board

MINISTRY OF FINANCE (Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION Number 58/2018

New Delhi, the 26th September, 2018

S.O. 4985(E).In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Tamil Nadu Pollution Control board, a Board constituted by the State Government of Tamil Nadu, in respect of the following specified income arising to the said Board, namely:-- (a) Consent fees; (b) Analysis fees or air ambient quality survey fees or noise level survey fees; (c) Reimbursement of the expense received from Central Pollution Control Board towards National Air Monitoring Programmes, Global Environment Monitoring Systems and Monitoring of Indian National Aquatic resources and like schemes; (d) Authorization fees (Bio Medical Waste Management Fees); (e) Cess re-imbursement and cess appeal fees; (f) Fees collected for training conducted by the Environment Training Institute of the Board where no profit element is involved and the activity is not commercial in nature; (g) Fees received under the Right to Information Act, 2005(22 of 2005); (h) Public hearing fees; (i) Sale of law books where no profit element is involved and the activity is not commercial in nature; (j) Interest on loans and advances given to staff of the Board; (k) Miscellaneous income such as sale of old or scrap items, tenders fees and other matters relating thereto; and (l) Interest on deposits. 2. This notification shall be effective subject to the conditions that Tamil Nadu Pollution Control board, Chennai - (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and (c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. 3. This notification shall apply with respect to the assessment years 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24.

[Notification No. 58/2018/ F.No.300196/45/2018-ITA-I] VINAY SHEEL GAUTAM, Under Secy.