Karnataka Electricity Regulatory Commission Receives Income Tax Exemptions for 2014-2019 Under Section 10(46) of IT Act 1961.

The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the Karnataka Electricity Regulatory Commission for specified income exemptions. The specified income includes grants and loans from the Government of Karnataka, statutory fees, and interest from investments. This notification applies to the financial years 2014-2015 to 2018-2019. The Commission must not engage in commercial activities, maintain the nature of its specified income, and file income returns as per the Act's requirements.

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