Finance Ministry Grants IT Exemption to Andhra Pradesh Pollution Control Board for Specified Incomes

The Finance Ministry has granted income tax exemption to the Andhra Pradesh Pollution Control Board (APPCB) for specified incomes. This exemption, under Section 10(46A) of the Income Tax Act, covers income derived from fees, charges, contributions, and grants received by the APPCB while discharging its statutory functions. This move aims to support the environmental regulatory body in its critical work of pollution control and environmental protection without its operational funds being taxed. This exemption highlights the government's recognition of the public utility services provided by such bodies, fostering their financial capacity to fulfill their mandate.