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# forumofregulators

1 posts in `forumofregulators` tag

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Income tax

Official: Forum of Regulators Gets Tax Break from CBDT (Notification S.O. 2740(E)

The Central Board of Direct Taxes (CBDT) has exempted the Forum of Regulators (FOR), which oversees India's electricity sector, from income tax on specific income streams under Section 10(46) of the Income-tax Act. This retrospective exemption covers government grants, membership fees, and bank interest, providing financial relief and enabling FOR to more effectively align power regulations, promote best practices, and protect consumer interests