The Central Board of Direct Taxes (CBDT) on August 16, 2023, issued a notification for the purposes of the ‘Haryana Water Resources (Conservation, Regulation, and Management) Authority’ (PAN AADAH3590A) an Authority constituted by the State Government of Haryana, in respect of the specified income arising to that Authority.
The following are the specified income arising to that Authority namely: -
• Grants received from the State Government of Haryana
• Application fee & Tariff fee received from users
• Interest earned on the aforesaid points
This notification shall be effective subject to the conditions that Haryana Water Resources (Conservation, Regulation and Management) Authority namely: -
• Shall not engage in any commercial activity
• Activities and the nature of the specified income shall remain unchanged throughout the financial years
• Shall file the return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
This notification shall be deemed to have been applied for assessment years 2022-23 and 2023-24 relevant for the financial years 2021-2022 and 2022-2023 respectively.
[Notification No. 3667(E)]
