Income Tax Exemption for Joint Electricity Regulatory Commission
- Document
- Notification Notification No. 2/2026
- Effective
- Assessment year 2024-25
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification No. 2/2026 confirms that the Joint Electricity Regulatory Commission is exempt from paying income tax. This document exists to formally recognize the commission's status under the Income-tax Act, which governs how taxes are calculated and collected.
What has changed
How it worked before
Previously, there was no specific notification granting this tax exemption status to this particular commission. Without this formal recognition, the commission's income would have been subject to standard tax rules.
What has changed
The government has now officially notified the commission under section 10(46A) of the Income-tax Act, which lists specific bodies that do not have to pay tax. This means the income earned by the commission is now legally excluded from being taxed.
Who this affects
This change only applies to the Joint Electricity Regulatory Commission for the State of Goa and Union Territories except Delhi. It does not affect individual taxpayers, private businesses, or other government departments.
What you should do
No action is required from you as a business owner or individual taxpayer. This notification is an administrative update for the commission itself and does not change your personal or business tax obligations.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 2/2026 |
| Full title | Notification No. 2/2026 |
| Effective | Assessment year 2024-25 |
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