image

Himachal Pradesh Electricity Regulatory Commission

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

( DEPARTMENT OF REVENUE )

NOTIFICATION No. 49/2013

DATED 3-7-2013

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 Himachal Pradesh Electricity Regulatory Commission, a Commission established by the Central Government of Himachal Pradesh, in respect of the following specified income arising to that Commission, namely:-

(a) amount received in the form of Government grants;

(b) amount received as licence fee from licensees in electricity;

(c) amount received as Court fee or petition fee; and

(d) interest earned on Government grants and fee received.

2. This notification shall be deemed to have been applied for the financial year 2012-13 and shall applicable for the financial years 2013-14, 2014-15, 2015-16 and 2016-17.

3. The notification shall be effective subject to the following conditions, namely :-

(a) the Himachal Pradesh Electricity Regulatory Commission does not engage in any commercial activity;

(b) the activities and the nature of the specified income of Himachal Pradesh Electricity Regulatory Commission remain unchanged throughout the financial year; and

(c) the Himachal Pradesh Electricity Regulatory Commission files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

[ F. NO. 196/50/2012-ITA.1 ]

Tags: AsiaFiscal yearGovernmentGovernment of IndiaHimachal PradeshIndiaIndo-Asian News ServiceShimla

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Complinity Compliance Software

Complinity Compliance Software

Complinity Compliance Software

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates