CBDT Notifies Treasurer Charitable Endowments, Haryana for Income Tax Exemption

CBDT Notifies Treasurer Charitable Endowments, Haryana for Income Tax Exemption

The Ministry of Finance, the Department of Revenue via the Central Board of Direct Taxes (CBDT), issued a notification dated 16th June 2025 in exercise of its powers offered under clause (46) of section 10 of the Income-tax Act, 1961 (Act No. 43 of 1961).

This notification is about the authority called ‘Treasurer Charitable Endowments, Haryana’, which has been constituted by the Government of Haryana.

The authority has been assigned the Permanent Account Number (PAN) AAALT1027E. The Central Government, through this notification, officially declares that the following types of income arising to this authority will be exempt from income tax under clause (46) of section 10 of the Act. The exempted incomes include:

(a) Grants received from the Central Government or the Government of Haryana, but specifically only for the National Workers Relief Fund, and
(b) Interest earned on bank deposits.

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However, this income tax exemption is granted subject to certain strict conditions that the authority, i.e., Treasurer Charitable Endowments, Haryana:

(a) Must not engage in any commercial activity.
(b) Both the activities of the authority and the nature of the income specified in the notification must remain unchanged during the financial years in which the exemption is claimed.
(c) Must file its income tax return in accordance with the provisions of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.

The notification will be deemed to have been in force for the following Assessment Years: 2015-16, 2016-17, 2017-18, 2018-19, and 2019-20, which correspond to the respective Financial Years: 2014-15, 2015-16, 2016-17, 2017-18, and 2018-19.

Refer to the official notification for more related information.