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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 23rd June, 2020

S.O. 2015(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, ‘Maharashtra Electricity Regulatory Commission’, Mumbai (PAN AAAGM0004R), a commission established by the State Government of Maharashtra, in respect of the following specified income arising to that Commission, namely:-

  • Grants from Government of Maharashtra;
  • Fees for annual license;
  • Interest on Fixed Deposit and Savings Account;
  • Fees for application/petition filed;
  • Fees for Documents;
  • Penalty for delayed payment of Annual License Fees;
  • Fees for RTI;
  • Sale of Scrap;
  • Interest on Loans and Advances given to employees;
  • Fees for annual performance review;
  • Fees for determination of tariff; and
  • Fees for initial license.

[भाग II—खण्ड  3(ii)] भारत का रािपत्र : असाधारण 3

  • This notification shall be effective subject to the conditions that Maharashtra Electricity Regulatory Commission, Mumbai,-
  • 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 apply with respect to the assessment years 2021-2022, 2022-2023, 2023-2024, 2024-2025 and 2025-2026.

[Notification. No. 34/2020/F.No.300196/53/2019-ITA-I]


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