The Central Board of Direct Taxes (CBDT) under the Ministry of Finance has issued Notification No. 58/2025, dated June 16, 2025, granting tax exemption to Treasurer Charitable Endowments, Haryana, under clause (46) of Section 10 of the Income-tax Act, 1961. The exemption is granted with retrospective effect for five financial years-from FY 2014-15 to FY 2018-19 (Assessment Years 2015-16 to 2019-20).
Tax-Exempt Income Categories
The following types of income received by Treasurer Charitable Endowments, Haryana, have been specified as exempt:
- Grants received from the Central Government or the State Government of Haryana for the National Workers Relief Fund
- Interest income earned on such grants when held in bank deposits
Conditions Attached to the Exemption
The tax exemption is applicable only if the following conditions are met:
- The authority does not engage in any commercial activity
- The nature of activities and sources of income remain unchanged during the relevant financial years
- The authority files its income tax returns as per clause (g) of sub-section (4C) of Section 139 of the Income-tax Act
Retrospective Effect and Legal Clarity
This notification applies retrospectively to income earned in FY 2014-15 through FY 2018-19, ensuring that the Treasurer Charitable Endowments, Haryana is not liable to pay income tax on the specified income during those years.
An Explanatory Memorandum accompanying the notification assures that no person is adversely affected by the retrospective application of the tax relief.
The Treasurer Charitable Endowments, Haryana, constituted by the Government of Haryana, plays a key role in managing endowments and funds earmarked for welfare initiatives such as the National Workers Relief Fund. This move by CBDT aligns with the government's broader objective to support public welfare institutions and clarify their tax obligations under statutory provisions.
Official copy of the notification has also been attached
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