Central Board of Direct Taxes (CBDT) issued notification no. 71/2025 dated 02.07.2025 to provide exemption u/s 10(46) to “Karnataka State Pollution Control Board”, Bengaluru (PAN- AAALK0537G), a Board constituted by the State Government of Karnataka under Water (Prevention and Control of Pollution) Act, 1974 (6 of 1974), in respect of the following specified income arising to the said Board, namely:
- Collection of Consent fees from Industries established in the State of Karnataka.
- Collection of water and air analysis charges from Industries established in the State of Karnataka.
- Environmental Compensation fees
- Any fees or income relevant to environment protection, water and air prevention and control of pollution shall be notified by the Government of Karnataka and the Central Pollution Control Board time to time.
- Grants/Subsidy/financial assistance/reimbursements by whatever name called
- Interest income arising out of above
- Miscellaneous income incidental to the core-activities i.e. sale of scrap, miscellaneous income, tender application fees, liquidated damages, RTI Fees
This notification shall be effective subject to the conditions that “Karnataka State Pollution Control Board”, Bengaluru (PAN AAALK0537G) –
- shall not engage in any commercial activity;
- activities and the nature of the specified income shall remain unchanged throughout the financial years; and
- 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.
This notification shall be deemed to have been applied for assessment years 2024-2025 to 2025-2026 relevant for the financial years 2023-2024 to 2024-2025 and shall be applicable for assessment years 2026-2027 to 2028-2029 relevant for the financial years 2025-2026 to 2027-2028.
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