CBDT Notifies MP, Chandigarh Pollution Control Board and Gujarat State Aid Control Corporation Eligible for Income Tax Exemption

The Central Direct Taxation Board (CBDT) notified the Madhya Pradesh and Chandigarh Pollution Control Board, Gujarat State Aids Control Society, eligible for the Section 10 income tax exemption (46 ).

Madhya Pradesh Pollution Control Board was established by the Madhya Pradesh State Government under the Water (Pollution Prevention and Control) Act, 1974, i.e. Grant or Financial Assistance governments or its agencies; Consent Fee or No Objection Certificate Fee; Air quality and water quality analysis fees or noise level survey fees; Authorization fees; Reimbursement of the assignment and costs of appealing the assignment; (f) Reimbursement of expenses received from the Central Pollution Control Board for the National Air Monitoring Program, Indian National Aquatic Resource Monitoring and similar programs; Sale of books relating to law, regulation, important court orders and environmental matters when no element of profit is involved and the activity is not of a commercial nature; Interest on deposits; Public hearing costs; Vehicle Emissions Monitoring Test Fee; Fees received for processing by the National Environmental Impact Assessment Authority; Charges received for training provided by the Council’s Environmental Training Institute when no element of profit is involved and the activity is not of a commercial nature; Fees collected under the Right to Information Act, 2005 (22 of 2005) and appeal fees; Interest on loans and advances made to staff; and Cost of pollution or forfeiture of the bank guarantee for non-compliance. This notification applies for the financial years 2021-2022, 2022-2023, 2023-2024, 2024-2025 and 2025-2026.

The Chandigarh Pollution Control Board is a body established under Section 4, subsection (4) of the Water (Pollution Prevention and Control) Act, 1974 and Section 6 of the Air (Pollution Prevention and Control) Act, 1981. Income tax exemption in respect of specified income from this body, namely CPCB New Delhi grant; Subsidy received from the administration of the territory of the Union of Chandigarh; Consent fees; Environment Compensation and penalties; Biomedical waste authorization fees; confiscation of the bank guarantee; Reimbursement of expenses of the NAMP project (CPCB); Battery, analysis, water and air analysis costs; Water drain receipts; Interest income earned on them. This notification will be deemed to have been applied for the period from 01-06-2020 to 31-03-2021 of fiscal year 2020-2021 and will apply to fiscal years 2021-2022, 2022-2023, 2023-2024, and 2024- 2025.

The Gujarat State Aid Control Corporation is a corporation incorporated by the Government of the State of Gujarat, with respect to the specified revenues from this corporate grant received from NACO; and interest income. This notification will be deemed to have been applied for the period from 01-06-2020 to 31-03-2021 of the 2020-2021 fiscal year and will apply to the 2021-2022, 2022-2023, 2023-2024, and 2024- fiscal years. 2025.

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