The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 06/2026–Income Tax dated January 8, 2026, notifying the Core Settlement Guarantee Fund (PAN: AAAJA3150B) for exemption under Section 10(23EE) of the Income-tax Act, 1961. The Fund has been set up by AMC Repo Clearing Limited, a recognised clearing corporation, in respect of specified income referred to in Explanation (iii) to Section 10(23EE). The notification grants eligibility for exemption for Assessment Year 2024–25 and all subsequent assessment years. The benefit is subject to continued compliance with statutory conditions, including filing of return of income under Section 139(4C) and the requirement that AMC Repo Clearing Limited must remain recognised as a clearing corporation by Securities and Exchange Board of India. The explanatory memorandum clarifies that the notification has retrospective effect from the year of application and does not adversely affect any person.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 06/2026 – Income Tax | Dated: 8th January, 2026
S.O. 115(E).— In exercise of the powers conferred by clause (23EE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Core Settlement Guarantee Fund (PAN: AAAJA3150B), set up by AMC Repo Clearing Limited, a recognized clearing corporation, with respect to specified income mentioned in Explanation (iii) of clause (23EE) of section 10 of the Income-tax Act, 1961, for the purpose of the said clause for the assessment year 2024-25 and subsequent assessment years.
2. This notification shall be effective subject to the conditions that Core Settlement Guarantee Fund (PAN: AAAJA3150B) set up by AMC Repo Clearing Limited shall continue to follow conditions mentioned in clause (23EE) of Section 10 including the following-
a. shall file return of income in accordance with sub-section (4C) of section 139 of the Income-tax Act, 1961.
b. AMC Repo Clearing Limited shall remain recognised as a clearing corporation by SEBI.
[Notification No. 06 /2026/F. No. 300197/212/2023-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (with effect from the year of application made before the Board/Department) to this notification.
