Sponsored
    Follow Us:
Sponsored

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)]

Government of India

Ministry of Finance

 Department of Revenue

Central Board of Direct Taxes

NOTIFICATION

New Delhi. the 29th March, 2016

S.0 (E). – In exercise of the powers conferred by clause (46) of section I0 of the income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Andhra Pradesh Electricity Regulatory Commission, a Commission constituted under the Andhra Pradesh Electricity Reform Act, 1998 (Government of Andhra Pradesh Act No.30 of 1998). in respect of the following specified income arising to that Commission, namely:-

(a)     Licence fee received under the Electricity Act, 2003;

(b)    Grants-in-Aid received from Government;

(c) Interest earned on investment or deposit in nationalised bank or financial institutions.

2. This notification shall he subject to the conditions that the Andhra Pradesh Electricity Regulatory Commission:-

(a) shall not engage in any commercial activity;

(b) its 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) of section 139 of the Income-tax Act, 1961.

3. This notification shall be deemed to have been applicable for the financial year 2014-2015 and shall apply with respect to the financial years 2015-2016, 2016-2017, 2017-2018 and 2018-2019.

[Notification No. 22/2016 F.No.196/28/2014-ITA-1]

(DEEPSH HA SHARMA)

Director, Government of India

To

The Manager,

Government of India Press,

Mayapuri Press,

New Delhi.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published.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

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031