The Central Government has granted the Odisha Joint Entrance Examination Committee a tax exemption under Schedule III of the Income-tax Act, 2025. This exemption applies to income from examination fees, counselling and application processing, and interest on bank deposits. The exemption is effective from the tax years 2026-27 to 2029-30, provided the committee adheres to specific conditions, including not engaging in commercial activities and maintaining the nature of its specified income.
MINISTRY OF FINANCE(Department Of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 4th August, 2026.
S.O. 4322(E). In exercise of the powers conferred by Schedule III [Table: Sl. No. 36] read with Section 11 of the Income-tax Act, 2025 (30 of 2025), (hereinafter referred to as the said Act), the Central Government hereby notifies for the purposes of the said clause, Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G),a body established by the Government of Odisha, in
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited Notice & Circular Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience. 07941056694
FAQ :
The Odisha Joint Entrance Examination Committee has been granted a tax exemption under Schedule III of the Income-tax Act, 2025.
The exemption covers examination fees collected from candidates, counselling and application processing fees, and interest on bank deposits.
The committee must not engage in any commercial activity, must file its return of income as per the Act, and its activities and income nature must remain unchanged throughout the tax years.
This notification is applicable for the tax years 2026-27 to 2029-30.
Failure to comply with the conditions will result in the withdrawal of the exemption and initiation of proceedings under the Income-tax Act.
Source : https://www.incometaxindia.gov.in/documents/d/guest/notification-110-2026-pdf