Quick Summary
The Central Board of Direct Taxes (CBDT) has notified the Core Settlement Guarantee Fund (CSGF) established by National Commodity Clearing Limited (NCCL) for income-tax exemption under Section 10(23EE) of the erstwhile Income-tax Act, 1961. The notification, issued by the Ministry of Finance on July 7, 2026, grants tax-exempt status to the specified income of the fund for Assessment Years 2019-20 to 2026-27, subject to certain conditions. Exemption Continues Despite Income-tax Act, 2025 Alt
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The Core Settlement Guarantee Fund is maintained by a recognised clearing corporation like NCCL to ensure the smooth functioning of financial and commodity markets by acting as a financial backstop against defaults.
The CBDT has granted tax exemption to the specified income of NCCL's Core Settlement Guarantee Fund under Section 10(23EE) of the Income-tax Act, 1961.
The tax exemption is valid for Assessment Years 2019-20 up to Assessment Year 2026-27.
No, the exemption continues to be valid for earlier tax years under the old law, invoking transitional provisions of the new Income-tax Act, 2025.
The fund must file its income-tax return as per Section 139(4C) and NCCL must continue to be recognised as a clearing corporation by SEBI.
Failure to comply with the conditions may lead to the withdrawal of the tax exemption and initiation of proceedings under the Income-tax Act, 1961.
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