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Central Board Of Direct Taxes – Central government notifies a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution) Act, 1974, in respect of the following specified income arising to the Board.

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Feb 26, 2021 #Incometax
  1. 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, ‘Haryana State Pollution Control Board’ (PAN AAAJH0446F), a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution) Act, 1974, in respect of the following specified income arising to the Board, namely:-
    1. (a) Grant from Central Government;
      (b) Grant from State Government; and
      (c) Consent fee for permission for setting up industry in the state of Haryana;
      (d) Analysis fees or air ambient quality survey fees;
      (e) Testing fees;
      (f) Authorization fees;
      (g) NOC fees;
      (h) Cess reimbursement and cess appeal fees;
    2. (i) Fees received under RTI Act, 2005;
      (j) Public hearing fees;
      (k) Recognition fees;
      (l) Interest on loan and advances given to staff; and
      (m) Interest on fixed deposit

2. This notification shall be effective subject to the conditions that Haryana State Pollution Control Board,-
(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
(d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

3. This notification shall apply with respect to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

PRAJNA PARAMITA, Director

For full detail click below :

https://www.dropbox.com/s/f23qsn25s54c0vq/incometax%20notification_8_2021.pdf?dl=0

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