CBDT Notifies Odisha Joint Entrance Examination Committee for Income Tax Exemption under Section 10(46)

Last updated: 05 August 2026
Quick Summary
The Central Board of Direct Taxes (CBDT) has officially recognised the Odisha Joint Entrance Examination Committee for income tax exemption. This exemption applies to specific income streams, including examination fees, counselling and application processing fees, and interest earned on bank deposits. The notification is effective from the assessment year 2026-27, with certain conditions to be met by the Committee.

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 4th August, 2026. S.O. 4321(E). Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Co
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FAQ :

The notification grants income tax exemption to the Odisha Joint Entrance Examination Committee under Section 10(46) of the Income-tax Act, 1961, for specific types of income.

The exempt income includes examination fees collected from candidates, counselling and application processing fees, and interest earned on bank deposits.

The Committee must not engage in any commercial activity, its activities and income nature must remain unchanged, and it must file its income return as per Section 139(4C)(g) of the Act of 1961.

Failure to comply with the conditions can lead to penal actions and withdrawal of the exemption granted under Section 10(46).

This notification is deemed to have been applied for the assessment year 2026-27, which is relevant to the financial year 2025-26.

 
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