Beneath section 10(46) of the Income Tax Act 1961, the Central Board of Direct Taxes (CBDT) declared the income of the Haryana state pollution control board is privileged.
The central government has a permit beneath section 10(6) for the income tax act declared ‘Haryana State Pollution Control Board’ (PAN AAAJH0446F), a board controlled through the State Government of Haryana beneath the Water (Prevention and Control of Pollution) Act, 1974, with respect to the specified income raised to the board.
The income consists of Grant from the central government, a permit from the state government, and a consent fee for permission for setting the industry in the Haryana determines the fees or air ambient quality survey fees, fees obtained beneath RTI act 2005 Public hearing fees; Recognition fees; Interest on loan and advances furnished to staff; and Interest on fixed deposit.
With respect to the circumstances, the notification will be productive that Haryana State Pollution Control Board, will not involve in the commercial activity and the type of the particular income will not be changed within the Fiscal year and will furnish the return the income as per the plan in the provision of clause(g) of sub-section (4C) of section 139 of the Income-tax Act, 1961; and will furnish the audit report and the return which is checked through the accountant as given in section 288(2) of the income tax act, 1961 with the certificate from the CA so that the mentioned conditions are fulfilled.
“This notification shall apply with respect to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024, and 2024-2025”.
Under section 10(46) of the Income-tax Act central government permitted to declare the Haryana State Pollution Control Board’ (PAN AAAJH0446F), a Board which is built by the State Government of Haryana beneath the Water (Prevention and Control of Pollution) Act, 1974, towards the specified income flowing to the Board.
Through the central government, the specific income consists of the permit, permission from the state government, and consent fee for the allowance for setting up the industry in the Haryana state Analysis fees or air ambient quality survey fees; Testing fees; access fees; NOC fees; Cess compensation and cess claim fees; Fees received beneath RTI Act, 2005; Public hearing fees; Recognition fees; Interest on loan and advances given to staff; and Interest on fixed deposit.
The notification will be imposed towards the situation that Haryana State Pollution Control Board will not involve in the commercial activity, activities and the nature of the particular income will not be changed within the fiscal years and will furnish the return of the income in the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961; and will furnish the audit report duly validated through the accountant as given in the explanation of section 288(2) towards the income tax act 1961 and with the certificate of the CA that the mentioned guidelines will be satisfied.
“This notification will be applied towards the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.”
