Quick Summary
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 retrospectiv
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FAQ :
The CBDT notification grants tax exemption to Treasurer Charitable Endowments, Haryana, with retrospective effect for specific financial years.
The exemption covers grants received from the Central or Haryana State Government for the National Workers Relief Fund, and any interest earned on these grants held in bank deposits.
The authority must not engage in any commercial activity, its activities and income sources must remain unchanged, and it must file income tax returns as specified.
The exemption applies retrospectively for five financial years, from FY 2014-15 to FY 2018-19.
An Explanatory Memorandum accompanying the notification assures that no person is adversely affected by the retrospective application of this tax relief.
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