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Compliance Calendar for the month of July, 2023 Simplifying Export Procedures: Tax-Free Supplies for International Trade


(Department of Revenue)



New Delhi, the 27th May, 2020

S.O. 1659(E).—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, ‘Cochin Special Economic Zone Authority’, Kochi (PAN AAAGC0659L), a authority constituted by the Government of India, in respect of the following specified income arising to that Authority, namely:-

  • Lease rent (charged as per Government prescribed rate);
  • Interest from banks on RDRs;
  • Receipts from I-Card and permit fee;
  • Allotment Fee in respect of Standard Design Factories (SDF);
  • Auction/Bid amount in respect of Plots/Buildings which fall vacant;
  • Transfer charges in respect of Plot/Building;
  • Fee for issue of Form-I for exemption of Building Plans;

[भाग II—खण्ड 3(ii)] भारत का राजपत्र :  साधारण                                                           3

  • Processing fee for approval of Building Plans;
  • Usage charges from Service provided;
  • License fee for allotment of Staff Quarters to the Staff;
  • Integrated Water Management Systems (IWMS) (Water Treatment Plant (WTP), Common Effluent Treatment Plant (CETP), Incinerator, Biogas Plant) charges/fees/fine etc.;
  • Power Distribution Business; and
  • From the sale of miscellaneous scrap/waste.
  • This notification shall be effective subject to the conditions that Cochin Special Economic Zone Authority,


  • shall not engage in any commercial activity;
  • activities and the nature of the specified income shall remain unchanged throughout the financial years; and
  • shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
  • Shall file the audit report along with the return, duly verified by the accountant as provided in explanation to section 288 (2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.
  • This notification shall be deemed to have been applied for the assessment years 2018-2019 and 2019-2020 and shall apply with respect to the assessment years 2020-2021, 2021-2022 and 2022-2023.

[Notification No.  27 /2020/F.No.300196/26/2018-ITA-I]


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