This notification, S.O. 5178(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on October 8, 2018, pertains to an exemption under clause 46 of section 10 of the Income-tax Act, 1961. It notifies the Madhya Pradesh Electricity Regulatory Commission (MPERC), Bhopal, as eligible for exemption on specified income. The exempted income includes: (a) petition fees; (b) fines and charges; (c) incidental income from sale of tender documents, processing fees, certified copying fees, sale of old newspapers, license fee, distribution of Tariff book, vehicle rent, and interest on loans to staff; and (d) interest earned on (a) to (c) above.
The notification is subject to the conditions that MPERC (a) does not engage in any commercial activity; (b) maintains unchanged activities and the nature of the specified income throughout the financial years; and (c) files its return of income as per clause (g) of subsection (4C) of section 139 of the Income-tax Act, 1961.
This notification applies to the assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024, and 2024-2025. The notification number is 64/2018, and the file number is F.No.300196/56/2018-ITA-I. The issuing authority is Vinay Sheel Gautam, Under Secretary.
Key Entities Referenced
Income-tax Act, 1961: A tax law in India, specifically section 10 clause 46 and section 139 subsection 4C clause g are referenced.
Madhya Pradesh Electricity Regulatory Commission, Bhopal: A commission constituted by the State Government of Madhya Pradesh, India, which is the subject of the notification regarding income tax exemptions.
Madhya Pradesh: A state in India where the Electricity Regulatory Commission is located.
Central Board of Direct Taxes: A department under the Ministry of Finance responsible for direct tax administration in India, which issued the notification.
Ministry of Finance: The government ministry responsible for financial matters, under which the Central Board of Direct Taxes operates.
New Delhi: The location where the notification was issued.
Assessment Year 2020-2021: The first assessment year to which the notification applies. The notification also applies to subsequent assessment years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.
VINAY SHEEL GAUTAM: The Under Secretary who issued the notification.
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ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
(ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वववव ििििववववभभभभाााागगगग)
(कककक(cid:11)(cid:11)(cid:11)(cid:11)(cid:12)(cid:12)(cid:12)(cid:12)ीीीीयययय (cid:15)(cid:15)(cid:15)(cid:15)(cid:16)(cid:16)(cid:16)(cid:16)यययय(cid:17)(cid:17)(cid:17)(cid:17) ककककरररर बबबबोोोोडडडड)(cid:21)(cid:21)(cid:21)(cid:21)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 8 अ(cid:10) तूबर, 2018
ककककाााा.... आआआआ.... 5555111177778888((((अअअअ))))....————आयकर अिधिनयम, 1961 (1961 का 43) क(cid:14) धारा 10 के खंड (46) (cid:18)ारा (cid:19)द(cid:20) शि(cid:23)य(cid:25) का
(cid:19)योग करत े (cid:29)ए, क(cid:31) सरकार एत"ारा उ(cid:23) खंड के उ’े(य क(cid:14) प*ू त हते ु ‘म.य (cid:19)दशे िव0ुत िनयामक आयोग’ भोपाल जो(cid:4)क
म.य (cid:19)दशे सरकार (cid:18)ारा ग4ठत आयोग ह,ै को होन ेवाली िन7िलिखत िविन8द9 आय के सबं ंध म(cid:31) एतद(cid:18)ारा अिधसिू चत करती
ह ैिजस का <यौरा िन7िलिखत ह:ै -
(क) यािचका शु(cid:6)क के >प म (cid:31)(cid:19)ा? रािश;
(ख) जुमा@ना तथा (cid:19)भार(cid:25) के >प म (cid:31)(cid:19)ा? रािश;
(ग) ट(cid:31)डर दCतावेज(cid:25) क(cid:14) िबD(cid:14), संसाधन शु(cid:6)क, (cid:19)मािणत (cid:19)ितिलिप शु(cid:6)क, पुराने समाचारपF(cid:25) का िवDय, लाइसस(cid:31) श(cid:6)ु क,
टै4रफ पुCतक(cid:25) के िवतरण, गाड़ी का (cid:4)कराया, Cटाफ के ऋण(cid:25) पर <याज से (cid:19)ा? अKय अनुषिं गक आय, और
(घ) उपयु@(cid:23) (क) से (ग) पर <याज।
2. यह अिधसूचना इन शतM के अ.यधीन (cid:19)भावी होगी (cid:4)क ‘म.य (cid:19)दशे िव0ुत िनयामक आयोग’ भोपाल,’-
(क) (cid:4)कसी भी Nावसाियक गितिविध म(cid:31) शािमल नहO होगा;
(ख) िविन8द9 आय के संबंध म (cid:31)(cid:4)Dयाकलाप और िवशेष आय क(cid:14) (cid:19)कृित, िव(cid:20)ीय वषM के दौरान अप4रव*तत रहगे ी; और
(ग) आयकर अिधिनयम, 1961 क(cid:14) धारा 139 क(cid:14) उपधारा – 4(ग) के खंड (छ) के (cid:19)ावधान के अनसु ार आय क(cid:14)
िववरणी दायर करेगा।
5898 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. यह अिधसूचना िनधा@रण वष@ 2020-2021, 2021-2022, 2022-2023, 2023-2024 और 2024-2025 के िलए
लाग ूहोगी।
[अिधसूचना सं. 64/2018/ फा. सं. 300196/56/2018-आईटीए-I]
िवनय शील गौतम,अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th October, 2018
S.O. 5178(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, ‘Madhya Pradesh Electricity
Regulatory Commission’, Bhopal, a Commission constituted by the State Government of Madhya Pradesh, in respect of
the following specified income arising to the said Commission, namely:--
(a) Amount received as petition fees;
(b) Amount received as fines and charges;
(c) Other incidental income received from sale of tender documents, processing fees, certified copying fees, sale
of old newspapers, license fee, distribution of Tariff book, vehicle rent, interest on loans to staff; and
(d) Interest earned on (a) to (c ) above.
2. This notification shall be effective subject to the conditions that Madhya Pradesh Electricity Regulatory
Commission, Bhopal,-
(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 Income-tax Act, 1961.
3. This notification shall apply with respect to the assessment year 2020-2021, 2021-2022, 2022-2023, 2023-2024
and 2024-25.
[Notification No. 64/2018/ F.No.300196/56/2018-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.
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.