The Ministry of Finance, Department of Revenue, through Notification No. 58/2025 – Income Tax, dated June 16, 2025, has granted income tax exemption to the ‘Treasurer Charitable Endowments, Haryana’ (PAN: AAALT1027E). This authority, constituted by the Government of Haryana, receives exemption under clause (46) of section 10 of the Income-tax Act, 1961, for specific income. The exempted income sources include grants from the Central or Haryana State Government designated for the National Workers Relief Fund only, and interest earned on bank deposits. This notification is subject to specific conditions: the ‘Treasurer Charitable Endowments, Haryana’ must not engage in any commercial activity, the nature of its activities and specified income must remain consistent throughout the financial years, and it must file its income tax returns as per clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. This exemption is retrospectively applied for assessment years 2015-2016 through 2019-2020, corresponding to financial years 2014-2015 through 2018-2019.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 58/2025 – Income Tax | Dated: 16th June, 2025
S.O. 2688(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Treasurer Charitable Endowments, Haryana’ (PAN: AAALT1027E), an authority constituted by the Government of Haryana, in respect of the following specified income arising to that body, namely: –
a. Grants received from Central Government or State Government of Haryana for National Workers Relief Fund only.
b. Interest on bank deposits.
2. This notification shall be effective subject to the conditions that ‘Treasurer Charitable Endowments, Haryana’-
a. shall not engage in any commercial activity;
b. activities and the nature of the specified income shall remain unchanged throughout the financial years; and
c. shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the assessment year 2015-2016, 2016-2017, 2017- 2018, 2018-2019 and 2019-2020 relevant for the Financial Years 2014-2015, 2015-2016, 2016-2017, 2017-2018 & 2018-2019.
[Notification No. 58 /2025/F. No. 196/25/2015-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
