This notification, S.O. 2782(E), issued by the Central Board of Direct Taxes, Ministry of Finance, on August 2, 2019, exempts specific income of the Bangalore Water Supply and Sewerage Board (BWSSB), Bengaluru (PAN: AAALB0015G) from income tax under clause 46 of Section 10 of the Income-tax Act, 1961. The exempted income includes: Water Charges, Sanitary and Borewell Charges, Special Sanitary Charges, Meter Charge, Bulk Water Charges, Rent, and Interest on surplus amounts earned from the aforementioned charges.
The exemption is conditional upon BWSSB not engaging in commercial activities, maintaining consistency in its activities and the nature of the specified income, and filing income tax returns as per clause (g) of subsection (4C) of Section 139 of the Income-tax Act, 1961. This notification is applicable for the assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025. The notification number is 56/2019 (F.No. 30019667/2018-ITA-I).
Key Entities Referenced
Income-tax Act, 1961: Indian Legislation regarding Income Tax.
Central Board of Direct Taxes: A department under the Ministry of Finance, Government of India.
Ministry of Finance: A ministry of the Government of India.
Bangalore Water Supply and Sewerage Board, Bengaluru: A board constituted by the Government of Karnataka.
Government of Karnataka: The state government of Karnataka, India.
New Delhi: Capital of India and location of publication.
Section 10 of the Income-tax Act, 1961: Section of the Income-tax Act that confers powers to the Central Government.
August 2, 2019: Date of official notification.
jftLVªh laö Mhö, yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 2529] ubZ fnYyh] 'kqØokj] vxLr 2] 2019@Jko.k 11] 1941
No. 2529] NEW DELHI, FRIDAY, AUGUST 2, 2019/SHRAVANA 11, 1941
िििि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:12)(cid:12)(cid:12)(cid:12)(cid:13)(cid:13)(cid:13)(cid:13)ीीीीयययय (cid:16)(cid:16)(cid:16)(cid:16)(cid:17)(cid:17)(cid:17)(cid:17)यययय(cid:18)(cid:18)(cid:18)(cid:18) ककककरररर बबबबोोोोडडडड))(cid:22)(cid:22)))(cid:22)(cid:22)
अिधसूचना
नई (cid:4)द(cid:6)ली, 2 अग(cid:11)त, 2019
ककककाााा....आआआआ.... 2222777788882222((((अअअअ))))....————क(cid:19)(cid:20) सरकार आयकर अिधिनयम, 1961 (1961 का 43) क(cid:30) धारा 10 के खंड (46) (cid:31)ारा द!
शि#य$ का योग करते ’ए एतद(cid:31)ारा कना)टक सरकार (cid:31)ारा ग+ठत बोड )“ब/गलोर वॉटर स2लाई एवं सीवरेज बोड”) ब/गलु6,
(पैन: AAALB0015G) को उ# ख9ड के योजनाथ ) उस बोड ) को होन े वाली िन<िलिखत िविन=द> आय के संबंध म (cid:19)
अिधसिू चत करती ह,ै नामतः-
(क) जल भार;
(ख) सैनेAी एव ंबोरवलै भार;
(ग) िवशेष सनै ेAी भार;
(घ) मीटर भार;
(ङ) ब(cid:6)क वॉटर भार;
(च) (cid:4)कराया; एवं
(छ) उपयु)# से अDजत अिधशेष रािश पर Eयाज
2. यह अिधसूचना इन शतI के अJयधीन भावी होगी (cid:4)क ब/गलोर वॉटर स2लाई एवं सीवरेज बोड,) ब/गलु6ः-
(क) (cid:4)कसी भी वािणिMयक गितिविध म(cid:19) शािमल नहN होगा;
(ख) िविन=द> आय क(cid:30) कृित तथा गितिविधयां पूरे िव! वष) के दौरान अप+रवDतत रहेगी; तथा
3972 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ग) आयकर अिधिनयम, 1961 क(cid:30) धारा 139 क(cid:30) उपधारा – 4(ग) के खंड (छ) के ावधान के अनसु ार आय क(cid:30) िववरणी
दायर करेगा।
3. यह अिधसूचना कर िनधा)रण वष) 2020-2021, 2021-2022, 2022-2023, 2023-2024 और 2024-25 के संबंध म(cid:19) लागू
होगी।
[अिधसूचना सं. 56 /2019/फा. सं. 300196/67/2018-आईटीए- ]
I
राजाराजेTरी आर., अवर सिचव
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 2nd August, 2019
S.O. 2782(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, ‘Bangalore Water Supply and
Sewerage Board’, Bengaluru (PAN AAALB0015G) a Board constituted by the Government of Karnataka, in respect of
the following specified income arising to that Board, namely:-
(a) Water Charges;
(b) Sanitary and Borewell Charges;
(c) Special Sanitary Charges;
(d) Meter Charge;
(e) Bulk Water Charges;
(f) Rent; and
(g) Interest on surplus amount earned out of the above.
2. This notification shall be effective subject to the conditions that Bangalore Water Supply and Sewerage Board,
Bengaluru,-
(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 2024-2025.
[Notification No. 56 /2019/F.No. 300196/67/2018-ITA-I]
RAJARAJESWARI R., 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.