Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-21012026-269494
EXTRAORDINARY
PART II-Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 304]
NEW DELHI, WEDNESDAY, JANUARY 21, 2026/MAGHA 1, 1947
463 GI/2026
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 21st January, 2026
S.O. 332(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, 'Karnataka State Rural
Livelihood Promotion Society' (PAN AACAK0581H), a body constituted by the Government of Karnataka, in respect
of the following specified income arising to the said body namely, as follows:
(a) Grants received from the Central Government;
(b) Grants received from the State Government of Karnataka; and
(c) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that Karnataka State Rural Livelihood Promotion
Society –
(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.
2.1 Failure to comply with these conditions may result in the initiation of penal actions under the provisions of the
Income Tax Act, 1961, and withdrawal of the exemption granted u/s 10(46) of the Act.
3. This notification shall be deemed to have been applied for the assessment years 2024-25, 2025-26 relevant to
the financial years 2023-24, 2024-25 and shall be applicable for assessment years 2026-27, 2027-28 & 2028-29 relevant
to the financial years 2025-26, 2026-27 & 2027-28.
[Notification No. 11/2026/F. No. 300196/65/2024-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.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
SARVESH KUMAR Digitally signed by SARVESH KUMAR
SRIVASTAVA Date: 2006.01.21 20:09:31 +0530
SRIVASTAVA