New Delhi:
The Finance Ministry has granted tax exemption standing to the Nationwide Mission for Clear Ganga, in accordance with a notification of the CBDT, the decision-making physique for the Earnings Tax division and direct taxes administration.
The notification additionally specified that the Nationwide Mission for Clear Ganga (NMCG), the implementing physique of the federal government’s flagship Namami Gange programme, was now an authority constituted underneath the Surroundings (Safety) Act, 1986.
It stated that the NMCG, an authority constituted underneath the Surroundings (Safety) Act, 1986, will now take pleasure in revenue tax exemption ranging from the evaluation yr 2024-25.
The exemption is topic to the situation that the NMCG continues to function as an authority underneath the Surroundings (Safety) Act with a number of functions outlined in sub-clause (a) of clause (46A) of the Earnings Tax Act.
These functions usually embody goals such because the promotion of sustainable improvement, conservation of the atmosphere, and development of public welfare.
The Nationwide Mission for Clear Ganga, underneath the Ministry of Jal Shakti, has initiatives spanning a number of states and embody sewage therapy, river floor cleansing, afforestation, industrial effluent monitoring, and selling public participation in Ganga conservation efforts.
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