Type of Document: Notification
Notification Date: 3-Jan-2025
Relevant Act(s)/Rule(s): Income-tax Act, 1961
Notification No.: S.O. 48(E)
The Central Government, in exercise of the powers conferred by Clause (46) of Section 10 of the Income-tax Act, 1961, 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 in respect of the following specified income arising to that body:
Income from Proceeds from taxes of Municipalities, Municipal Corporations, and Railways, as well as miscellaneous income such as rental and maintenance charges, income from laying optical fibre cable, way leave rent, damage cost recoverable, and interest on bank deposits.
This notification is subject to conditions including no engagement in commercial activities, unchanged nature of specified income, and compliance with return filing requirements under Section 139(4C) of the Income-tax Act.
The notification applies to the assessment years 2019-2020 to 2023-2024.
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