Quick Summary
The Ministry of Finance, Department of Revenue, through a series of notifications issued on November 26, 2025, has granted income-tax exemptions to three statutory bodies under various provisions of Section 10 of the Income-tax Act, 1961. The notifications, published by the Central Board of Direct T
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The State Pollution Control Board, Odisha (SPCB Odisha), the Haryana State Board of Technical Education (HSBTE), Panchkula, and the Odisha Real Estate Regulatory Authority (Odisha RERA) have received income tax exemptions.
The exemptions were granted under various provisions of Section 10 of the Income-tax Act, 1961, specifically Section 10(46) for SPCB Odisha and HSBTE, and Section 10(46A) for Odisha RERA.
Exempted income for SPCB Odisha includes statutory fees, penalties, grants-in-aid, contributions for environmental studies, scrap sale, tender fees, RTI fees, analysis charges, and interest earned on these incomes.
The exempted bodies must not engage in commercial activities, must maintain the nature of their activities and exempt incomes without change, and must file income tax returns as specified.
The exemptions are intended to strengthen statutory institutions by allowing them to reinvest funds into public service delivery instead of tax outflows, ensuring smoother functioning.
The exemptions have been notified with retrospective and prospective applicability for different periods, ensuring continuity in tax treatment for these bodies.
CAclubindia
