Executive Summary:
This notification, issued by the Central Board of Direct Taxes, notifies the Maharashtra Electricity Regulatory Commission (MERC) under Section 10(46) of the Income-tax Act, 1961. It specifies certain incomes of the MERC that are covered by this notification, effective retrospectively from 01.06.2011 to 31.03.2012 and for the financial years 2012-13 to 2014-15. The notification is subject to specific conditions regarding commercial activity, income nature, and income tax return filings.
Key Points / Main Content:
* **Notification Details:**
* Issued by: Central Board of Direct Taxes.
* Subject: Maharashtra Electricity Regulatory Commission (MERC).
* Reference: Section 10(46) of the Income-tax Act, 1961.
* **Specified Income:**
* Fees for Annual Licence.
* Interest on Fixed Deposit and Savings Account.
* Fees for Application Petition filed.
* Grants from Government of Maharashtra.
* Fees for Documents.
* Penalty for delayed payment of Annual Licence Fees.
* Fees for RTI.
* Sale of scrap.
* **Effective Period:**
* Deemed effective from 01.06.2011 to 31.03.2012.
* Applicable for financial years 2012-13 to 2014-15.
* **Conditions:**
* MERC must not engage in any commercial activity.
* The nature of specified income must remain unchanged throughout the financial years.
* MERC must file income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961.
Impact Analysis:
* **Maharashtra Electricity Regulatory Commission (MERC):**
* *Impact:* Specified incomes are notified under Section 10(46) of the Income-tax Act, 1961, potentially affecting tax liabilities.
* *Action Required:* Ensure compliance with conditions regarding commercial activity, income nature, and filing of income tax returns.
* **Central Board of Direct Taxes:**
* *Impact:* Responsible for monitoring compliance with the notification's conditions.
* *Action Required:* Oversee MERC's adherence to the specified conditions for the notification to remain effective.
Key Entities Referenced
Income-tax Act, 1961: A law referred to in the notification regarding powers conferred by clause 46 of section 10.
Central Government: The governing authority issuing the notification.
Maharashtra Electricity Regulatory Commission: A commission constituted by the State Government of Maharashtra, and the subject of this notification.
Government of Maharashtra: The state government that constituted the Maharashtra Electricity Regulatory Commission.
New Delhi: The location where the notification was issued.
Rohit Garg: Director at MINISTRY OF FINANCE, Department of Revenue, CENTRAL BOARD OF DIRECT TAXES.
Ministry of Finance: The ministry issuing the notification through the Department of Revenue and Central Board of Direct Taxes.
Central Board of Direct Taxes: The board within the Department of Revenue, Ministry of Finance, involved in issuing the notification.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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No. 615] NEW DELHI, FRIDAY, FEBRUARY 16, 2018/MAGHA 27, 1939
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
ररररााााजजजज(cid:13)(cid:13)(cid:13)(cid:13)वववव ििििववववभभभभाााागगगग
((((कककक(cid:18)(cid:18)(cid:18)(cid:18)(cid:19)(cid:19)(cid:19)(cid:19)ीीीीयययय (cid:21)(cid:21)(cid:21)(cid:21)(cid:22)(cid:22)(cid:22)(cid:22)यययय(cid:23)(cid:23)(cid:23)(cid:23) ककककरररर बबबबोोोोडडडड))(cid:27)(cid:27)))(cid:27)(cid:27)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 16 फरवरी, 2018
का. आ. 696(अ).—आयकर अिधिनयम, 1961 (1961 का 43) क(cid:11) धारा 10 के खंड (46) (cid:15)ारा (cid:16)द(cid:17) शि(cid:20)य(cid:22) का (cid:16)योग करते
(cid:27)ए क(cid:29)(cid:30) सरकार एतद(cid:15)ारा उ(cid:20) खंड के उ$े%य क(cid:11) पू(त हते ु महारा+ सरकार (cid:15)ारा ग,ठत आयोग, महारा+ िव1ुत िविनयामक आयोग को
होने वाली िन3िलिखत िविन4द5 आय के संबंध म(cid:29) अिधसूिचत करती ह,ै आय का :यौरा िन3िलिखत हःै-
(1) वा(षक लाइस(cid:29)स का शु(cid:6)क
(2) साविध जमा एवं बचत खाता पर :याज
(3) दायर क(cid:11) गई आवेदन/यािचका का शु(cid:6)क
(4) महारा+ सरकार से अनुमोदन
(5) दAतावेज(cid:22) के िलए शु(cid:6)क
(6) वा(षक लाइस(cid:29)स शु(cid:6)क के दरे ी से भुगतान के िलए आ(थक दडं
(7) आरटीआई के िलए शु(cid:6)क
(8) र$ी माल क(cid:11) िबG(cid:11)
2. यह अिधसूचना िव(cid:17) वषH 01/06/2011 से 31/03/2012 और िव(cid:17) वषH 2012-13 से 2014-15 के िलए महारा+ िव1ुत
िविनयामक आयेग क(cid:11) उपयुH(cid:20) िविन4द5 आय के िलए लागू होगी।
927 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. यह अिधसूचना िन3िलिखत शतO के अPयधीन (cid:16)भावी होगीः-
(क) महारा+ िव1ुत िविनयामक आयोग (cid:4)कसी भी Qावसाियक गितिविध म(cid:29) शािमल नहR होगा;
(ख) महारा+ िव1ुत िविनयामक आयोग क(cid:11) कायHकलाप और आय िवशेष क(cid:11) (cid:16)कृित िव(cid:17)ीय वषO के दौरान अप,रव(तत
रहगे ी; और
(ग) आयकर अिधिनयम, 1961 क(cid:11) धारा 139 क(cid:11) उपधारा – 4(ग) के खंड (छ) के (cid:16)ावधान के अनुसार महारा+ िव1ुत
िविनयामक आयोग आय क(cid:11) िववरणी दायर करे।
[अिधसूचना सं. 8 /2018/फा. सं.196/38/2015-आईटीए-I)]
रोिहत गगH, िनदेशक
(cid:29)(cid:29)(cid:29)(cid:29)ाााा(cid:30)(cid:30)(cid:30)(cid:30)ययययाााा(cid:22)(cid:22)(cid:22)(cid:22)ममममकककक (cid:31)(cid:31)(cid:31)(cid:31)ाााापपपपननननःःःः यह (cid:16)मािणत (cid:4)कया जाता ह ै(cid:4)क इस अिधसूचना को भूतलVी (cid:16)भाव से लागू (cid:4)कए जाने से कोई भी Qि(cid:20) (cid:16)ितकूल Wप
से (cid:16)भािवत नहR होगा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 16th February, 2018.
S.O. 696(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, the
‘Maharashtra Electricity Regulatory Commission’, a Commission constituted by the State Government of
Maharashtra, in respect of the following specified income arising to that Commission, namely:-
1. Fees for Annual Licence;
2. Interest on Fixed Deposit and Savings Account;
3. Fees for Application / Petition filed;
4. Grants from Government of Maharashtra;
5. Fees for Documents;
6. Penalty for delayed payment of Annual Licence Fees;
7. Fees for RTI;
8. Sale of scrap.
2. This notification shall be deemed to have been applied for the period 01.06.2011 to 31.03.2012 and
for the financial years 2012-13 to 2014-15.
3. This Notification shall be effective subject to the following conditions, namely:-
(a) the ‘Maharashtra Electricity Regulatory Commission’ does not engage in any commercial
activity;
(b) the activities and the nature of the specified income of ‘Maharashtra Electricity Regulatory
Commission’ remain unchanged throughout the financial years; and¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
(c) the ‘Maharashtra Electricity Regulatory Commission’ files returns of income in accordance
with the provision of clause (g) of sub-section (4C) of section 139 of the Act, Income-tax Act,
1961.
[Notification No. 8 /2018/F.No.196/38/2015-ITA-I)]
ROHIT GARG, Director
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective
effect to this notification.
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.