Taxontips
No Result
View All Result
Sunday, May 28, 2023
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

Income of Uttarakhand EPPC Board and Cochin SEZ Authority – Now exempt under 10(46) of Income tax act

Income tax Expert by Income tax Expert
May 29, 2020
in Income Tax News
0
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
97
SHARES
1.2k
VIEWS
image_pdfPDFimage_printPrint

Vide notification in E-gazette CBDT has exempted various income of Uttarakhand Environment Protection & Pollution Control Board, Dehradun (PAN AAALU0160D) and Cochin Special Economic Zone Authority, Kochi (PAN AAAGC0659L) u/s 10(46) of the Income Tax act for a limited period.

The Income of Uttarakhand Environment Protection & Pollution Control Board, Dehradun (PAN AAALU0160D) which have been exempted are as under:

(a) consent fee;
(b) no objection certificate fee;
(c) bio medical waste fee;
(d) hazardous fee;
(e) stack/analysis fee;
(f) bank guarantee forfeited;
(g) income against RTI application charges;
(h) reimbursement of the expense received from Central Pollution Control Board towards National Air Monitoring Programmes;
(i) monitoring fees;
(j) interest from savings accounts & FDRs;
(k) public hearing fee;
(l) interest from house loan advance to staff; and
(m) income by sale of old scrap items and tender fee etc.

There are few conditions attached which if violated which take away this exemptions and you can read the same in notification.

The above income shall remain exempt for assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

To read full notification CLICK HERE.

The income of Cochin Special Economic Zone Authority, Kochi (PAN AAAGC0659L) which have been exempted are as follows:

(a) Lease rent (charged as per Government prescribed rate);
(b) Interest from banks on RDRs;
(c) Receipts from I-Card and permit fee;
(d) Allotment Fee in respect of Standard Design Factories (SDF);
(e) Auction/Bid amount in respect of Plots/Buildings which fall vacant;
(f) Transfer charges in respect of Plot/Building;
(g) Fee for issue of Form-I for exemption of Building Plans;
(h) Processing fee for approval of Building Plans;
(i) Usage charges from Service provided;
(j) License fee for allotment of Staff Quarters to the Staff;
(k) Integrated Water Management Systems (IWMS) (Water Treatment Plant (WTP), Common Effluent Treatment Plant (CETP), Incinerator, Biogas Plant) charges/fees/fine etc.;
(l) Power Distribution Business; and
(m) From the sale of miscellaneous scrap/waste.

There are few conditions attached which if violated which take away this exemptions and you can read the same in notification.

This notification shall be deemed to have been applied for the assessment years 2018-2019 and 2019-2020 and
shall apply with respect to the assessment years 2020-2021, 2021-2022 and 2022-2023.

To read full notification CLICK HERE.

 

This article is just for information purpose and are personal views of the author. It is always advisable to hire a professional for practical execution or you can mail us. If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post and also subscribe to our newsletter for latest weekly updates.

image_pdfPDFimage_printPrint
Previous Post

Forms 26AS has been omitted | Now Annual Information statement will replace Form 26AS

Next Post

No TDS to be deducted on salary/ Interest paid to partner by partnership firm.

Related Posts

Amendment in provisions relating to taxability of income of trust by Finance Act, 2021
Income Tax News

Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act

May 26, 2023
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
Income Tax News

Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]

May 23, 2023
Income Tax News

CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities

May 20, 2023
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately
Income Tax News

International payments through credit card will now attract 20% TCS under Income tax

May 19, 2023
ITR 1 and 4 utility are now available for FY 2020-21 i.e. AY 2021-22 | File ITR with experts on Taxontips
Income Tax News

ITR 4 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips

April 27, 2023 - Updated on May 12, 2023
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately
Income Tax News

Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes

April 26, 2023
Next Post
Relief from TDS/ TCS provisions amid Corona Virus Pandemic

No TDS to be deducted on salary/ Interest paid to partner by partnership firm.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
  • Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
  • GUIDELINES FOR SPECIAL ALL-INDIA DRIVE UNDER GST
  • Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]
  • Do you need to panic if you have Rs. 2000 note with you?

Recent Comments

  • Notification under PMLA by Ministry of Finance which could affect CA, CS and CMA - Taxontips on CA, CS and CMA now under PMLA. KYC of clients required
  • ADMIN on My Resolved Question
  • ADMIN on My First Question
  • ADMIN on My First Question
  • proxies shared on How to make correction in Income Tax Challan paid?

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Recent Notification

Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore

Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]

May 27, 2023
Amendment in provisions relating to taxability of income of trust by Finance Act, 2021

Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act

May 26, 2023

RSS Taxontips

  • Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
  • Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
  • GUIDELINES FOR SPECIAL ALL-INDIA DRIVE UNDER GST
  • Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]
  • Do you need to panic if you have Rs. 2000 note with you?
  • CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities
  • Rs. 2000 note removed from Circulation Will continue as Legal Tender
  • International payments through credit card will now attract 20% TCS under Income tax
  • Deferment of second phase of Peer Review Mandate for CA Firms
  • GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!