MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 40/2016- Income Tax
New Delhi, the 2nd June, 2016
S.O. 1944(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, the Pollution Control Board, Assam, a body constituted by Government of Assam, in respect of the following specified income arising to that Board, namely:—
(a) consent fees;
(b) analysis fees;
(c) reimbursement of the expense received from Central Pollution Control Board towards National Air Monitoring Programmes, global environment monitoring system and monitoring of India National Aquatic resources and like schemes;
(d) authorisation fees;
(e) cess re-imbursement and cess appeal fees;
(f) fees received under the RTI Act, 2005;
(g) public hearing fees;
(h) interest on loans & advances given to staff of the board;
(i) misc. income such as sale of old or scrap items, tender fees & other matters relating thereto and
(j) interest on deposits.
2. This notification shall be effective subject to the conditions that the Pollution Control Board, Assam,-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income 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) section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been apply for the Financial Year 2015-2016 and shall apply with respect to the Financial Years 2016-2017, 2017-2018, 2018-2019 and 2019-20.
[Notification No. 40/2016, F.No. 196/03/2016-ITA-I]