It said that the NMCG, an authority constituted under the Environment (Protection) Act, 1986, will now enjoy income tax exemption starting from the assessment year 2024-25.
Credit: PTI Photo
New Delhi: The Finance Ministry has granted tax exemption status to the National Mission for Clean Ganga, according to a notification of the CBDT, the decision-making body for the Income Tax department and direct taxes administration.
The notification also specified that the National Mission for Clean Ganga (NMCG), the implementing body of the government's flagship Namami Gange programme, was now an authority constituted under the Environment (Protection) Act, 1986.
It said that the NMCG, an authority constituted under the Environment (Protection) Act, 1986, will now enjoy income tax exemption starting from the assessment year 2024-25.
The exemption is subject to the condition that the NMCG continues to operate as an authority under the Environment (Protection) Act with one or more purposes outlined in sub-clause (a) of clause (46A) of the Income Tax Act.
These purposes typically include objectives such as the promotion of sustainable development, conservation of the environment, and advancement of public welfare.
The National Mission for Clean Ganga, under the Ministry of Jal Shakti, has projects spanning multiple states and include sewage treatment, river surface cleaning, afforestation, industrial effluent monitoring, and promoting public participation in Ganga conservation efforts.