Executive Summary:
This notification, issued by the Central Board of Direct Taxes, concerns the Haryana Electricity Regulatory Commission. It notifies specific incomes of the commission as per Section 10(46) of the Income-tax Act, 1961. The notification is effective for the financial years 2017-2018 through 2021-2022.
Key Points / Main Content:
* **Notification Details:**
* Issued under Section 10(46) of the Income-tax Act, 1961.
* Concerns the Haryana Electricity Regulatory Commission.
* **Specified Income:**
* Grants and loans from the Government of Haryana.
* Fees received under the Electricity Act, 2003.
* Interest earned on government grants, loans, and fees received under the Electricity Act, 2003.
* **Conditions for Effectiveness:**
* The Haryana Electricity Regulatory Commission must not engage in any commercial activity.
* The activities and the nature of the specified income must remain unchanged throughout the financial years.
* The commission must file income returns according to Section 139(4C)(g) of the Income-tax Act, 1961.
* **Applicability Period:**
* Applies to financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021, and 2021-2022.
Impact Analysis:
Haryana Electricity Regulatory Commission:
* Impact: The commission's specified income is notified, affecting its tax obligations and operational requirements.
* Action Required: Ensure compliance with the conditions of the notification, including refraining from commercial activities, maintaining consistent activities and income nature, and filing income returns as required.
Key Entities Referenced
Haryana Electricity Regulatory Commission: A commission constituted under the Haryana Electricity Reform Act, responsible for electricity regulation in Haryana.
Haryana Electricity Reform Act, 1997: Law under which the Haryana Electricity Regulatory Commission was constituted. Haryana Act No. 10 of 1998.
Electricity Act, 2003: The act under which fees are received by the Haryana Electricity Regulatory Commission. Act No. 36 of 2003.
Ministry of Finance: The ministry responsible for the Department of Revenue.
Department of Revenue: The department under the Ministry of Finance that issued the notification.
Central Board of Direct Taxes: The board under the Department of Revenue that issued the notification.
Income-tax Act, 1961: The act of the parliament of India under which the Central Government provides clause 46 of section 10.
Government of Haryana: The state government providing grants and loans to the Haryana Electricity Regulatory Commission.
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अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:7408)द(cid:7016)ली, 20 जुलाई, 2017
ककककाााा.... आआआआ.... 2222222277777777((((अअअअ))))....————आयकर अिधिनयम, 1961 (1961 का 43) क(cid:7409) धारा 10 के उपख(cid:7003) ड (46) के तहत (cid:7079)द(cid:7004) त शि(cid:7334)य(cid:7298) का
(cid:7079)योग करते (cid:7263)ए के(cid:7008) (cid:7076)ीय सरकार, ह(cid:7407)रयाणा िव(cid:7378)ुत सुधार अिधिनयम , 1997 ( ह(cid:7407)रयाणा का 1998 का अिधिनयम 10) के अधीन ग(cid:7407)ठत
आयोग “ह(cid:7407)रयाणा िव(cid:7378)ुत िविनयामक आयोग” को उ(cid:6989) त उपधारा के (cid:7079)योजनाथ(cid:6981) उ(cid:6989) त िनकाय को होने वाली िन(cid:7013) निलिखत िन(cid:7416)द(cid:7020) ट आय के
संबंध म(cid:7286) एत(cid:7375)ारा अिधसूिचत करती ह,ै यथा :—
(क) ह(cid:7407)रयाणा सरकार (cid:7367)ारा दी गई सहायता एवं ऋण;
(ख) िव(cid:7378)ुत अिधिनयम, 2003 (2003 का 36) के अधीन (cid:7079)ा(cid:7385) शु(cid:7016)क; और
(ग) सरकारी अनुदान(cid:7298) तथा ऋण(cid:7298) पर (cid:7079)ा(cid:7385) (cid:7011)याज और िव(cid:7378)ुत अिधिनयम, 2003 (2003 का 36) के अधीन (cid:7079)ा(cid:7385) शु(cid:7016)क ।
2. यह अिधसूचना िनमन् िलिखत शत(cid:7300) के साथ लागू होगी (cid:7408)क ह(cid:7407)रयाणा िव(cid:7378)ुत िविनयामक आयोग;-
(क) (cid:7408)कसी अ(cid:7008)य वािणि(cid:6996)यक (cid:7408)(cid:7059)याकलाप म(cid:7286) शािमल नह(cid:7277) होगा;
(ख) पूरे वष(cid:6981) के (cid:7408)(cid:7059)याकलाप और िन(cid:7416)द(cid:7397) आय का (cid:7021)व(cid:7272)प वही रहेगा; और
(ग) उ(cid:7334) अिधिनयम क(cid:7409) धारा 139 क(cid:7409) उपधारा (4ग) के उपवा(cid:6989) य (छ) के (cid:7079)ावधान(cid:7298) के अनुसार आयकर िववरणी दािखल
करेगा ।
3. यह अिधसूचना िव(cid:7275)ीय वष(cid:6981) 2017-2018,2018 -2019, 2019-20, 2020-2021 तथा 2021-22 के िलए लागू रहगे ी
[अिधसूचना सं(cid:6990)या 66 /2017, फा.सं.300196/9/2017-आईटीए-I]
दीपिशखा शमा,(cid:6981) िनदशे क
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4418 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 20th July, 2017
S.O. 2277(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, ‘Haryana Electricity Regulatory
Commission’, a commission constituted under the Haryana Electricity Reform Act, 1997 (Haryana Act No. 10 of 1998),
in respect of the following specified income arising to that body, namely:-
(a)(cid:32) grants and loans made by the Government of Haryana;
(b)(cid:32) fees received under the Electricity Act, 2003 (36 of 2003); and
(c)(cid:32) interest earned on government grants and loans and fees received under the Electricity Act, 2003 (36 of
2003).
2. This notification shall be effective subject to the conditions that Haryana Electricity Regulatory Commission:-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall 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 said Act.
3. This notification shall apply with respect to the financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021
and 2021-22.
[Notification No. 66 /2017, F.No.300196/9/2017-ITA-I]
DEEPSHIKHA SHARMA, Director
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Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.