This gazette notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, exempts specific income of 'The Commissioners for the Rabindra Setu, Kolkata' from income tax under section 10(46) of the Income-tax Act, 1961.
The exemption applies to income from municipal/railway taxes, miscellaneous sources like rent and maintenance, optical fiber cable laying, way leave rent, damage cost recovery and interest on bank deposits.
Key Changes
The notification grants income tax exemption to 'The Commissioners for the Rabindra Setu, Kolkata' for specific income categories.
The exemption is conditional; the body must not engage in commercial activity, its activities and income nature must remain consistent, and it must file income tax returns as per section 139(4C)(g) of the Income-tax Act, 1961.
The exemption is applied retrospectively for the financial years 2018-2019 to 2022-2023, corresponding to assessment years 2019-2020 to 2023-2024.
Impact Analysis
Impact on 'The Commissioners for the Rabindra Setu, Kolkata'
The body must ensure it adheres to the conditions specified in the notification to maintain the tax exemption, including not engaging in commercial activities and filing tax returns as per the law.
Impact on Government
The government will need to monitor the body to ensure compliance with the conditions of the exemption.
Impact on Municipalities, Municipal Corporations and Railways
There is no direct impact on these entities as this notification is regarding the tax liability of 'The Commissioners for the Rabindra Setu, Kolkata' and not the tax liability of these entities.
Suggested Action Items
The body should consult with tax professionals to ensure full compliance with the notification and the Income-tax Act, 1961.
Key Entities Referenced
The Commissioners for the Rabindra Setu, Kolkata: A body established under the Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965), responsible for the management and maintenance of the Rabindra Setu.
Income-tax Act, 1961: The primary legislation governing income tax in India. Section 10(46) allows the central government to exempt specific income of certain bodies.
Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965): The Act under which 'The Commissioners for the Rabindra Setu, Kolkata' was established.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-03012025-259897
CG-DxLx-xEG-I0D3H0x1x2x0 25-259897
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 46] नई दिल्ली, िुक्रिार, िनिरी 3, 2025/ पौष 13, 1946
No. 46] NEW DELHI, FRIDAY, JANUARY 3, 2025/ PAUSHA 13, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 3 िनिरी, 2025
का.आ. 48(अ).—आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा प्रित्त िजियों का
प्रयोग करत े हुए, केंद्र सरकार, एतद्द्वारा उि खडं के प्रयोिनों के जलए ‘रबीन्द्द्र सेतु के आयुि, कोलकाता’ (पैन
AABTT2734P), हािडा सते ु (संिोधन) अजधजनयम, 1965 (1965 का पजिम बगं ाल अजधजनयम XII) के अन्द्तगडत गठित
एक जनकाय को उद्भूत होन े िाली जनम्नजलजखत जिजनर्िडष्ट आय के संबंध में अजधसूजचत करती ह,ै अर्ाडत:्
(क) नगर पाजलकाओं/नगर जनगमों तर्ा रेलि ेके करों से प्राप्त आय,
(ख) जिजिध आय िैसे दकराया तर्ा रख-रखाि िुल्क, ऑजटिकल फाइबर केबल जबछाने के जलए आय, माग ड
अनुमजत दकराया, िसूली योग्य क्षजत लागत; तर्ा
(ग) बैंक िमा पर अर्िडत ब्याि।
2. यह अजधसूचना इन ितों के अध्यधीन प्रभािी होगी दक ‘‘रबीन्द्द्र सेतु के आयिु , कोलकाता’:-
63 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(क) दकसी भी व् यािसाजयक गजतजिजध म ेंिाजमल नहीं होगा;
(ख) इसकी गजतजिजधयां और जनर्िडष्ट आय की प्रकृजत परू े जित्तीय िषड में अपठरिर्तडत रहगें ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4 ग) के खंड (छ) के उपबंध के अनुसार आय की
जििरणी िाजखल करेगा।
3. यह अजधसूचना जित्तीय िषों क्रमिः 2018-2019 से 2022-2023 के जलए प्रासंजगक जनधाडरण िषों 2019-2020
से 2023-2024 के जलए लागू मानी िाएगी।
[अजधसूचना स.ं 4 /2025 फा.सं. 196/1/2023-आईिीए-I]
अश्वनी कुमार, अिर सजचि
स्ट्प ष्ि ीकरण ज्ञापन
यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड
रहा ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 3rd January, 2025
S.O. 48(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 Commissioners for the
Rabindra Setu, Kolkata’ (PAN AABTT2734P), a body established under the Howrah Bridge (Amendment) Act, 1965
(West Bengal Act XII of 1965), in respect of the following specified income arising to that body, namely:
(a) Proceeds from Taxes of Municipalities / Municipal Corporation and Railways;
(b) Miscellaneous income like Rental and Maintenance charge, income for laying optical fibre cable,
way leave rent, Damage cost recoverable; and
(c) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that ‘The Commissioners for the Rabindra Setu,
Kolkata’:-
(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 be deemed to have been applied for assessment years 2019-2020 to 2023-2024
relevant for the financial years 2018-2019 to 2022-2023 respectively.
[Notification No. 4 /2025 F. No. 196/1/2023-ITA-I]
ASHWANI KUMAR, Under Secy.
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.