Can I read Income Tax Exemptions for Odisha Board on EtoBox?
Income Tax Exemptions for Odisha Board by smarttalksaurabh is a document available to read on EtoBox.
What is Income Tax Exemptions for Odisha Board about?
The Central Government has notified the State Pollution Control Board, Odisha, under section 10(46) of the Income-tax Act, 1961, to exempt specified income such as consent fees, water cess shares, and grants from taxation. The board must not engage in commercial activities and must maintain the nature of the specified income. This notification is effective for the financial years 2015-2016 to 2019-2020, with a certification that no individual is adversely affected by its retrospective application.
- Author
- smarttalksaurabh
- Language
- EN