Central Board of Direct Taxes (CBDT) issued notification no. 139/2025 dated 22.08.2025 to Exempt u/s 10(46) to ‘Credit Guarantee Fund Trust for Animal Husbandry and Dairying (PAN: AACTC8610N)’, a Trust constituted by Central Government, as part of the Prime Minister’s Atma Nirbhar Bharat Abhiyan stimulus package by Department of Animal Husbandary and Dairying, Ministry of Fisheries, Animal Husbandary and Dairying, Govt. of India, in respect of the following specified income arising to the said Trust, namely:
i) Guarantee Fees from ELI (Eligible Lending Institutions)
ii) Income from Mutual Funds
iii) Miscellaneous Income
iv) Interest income from banks/financial institutions.
2. This notification shall be effective subject to the conditions that ‘Credit Guarantee Fund Trust for Animal Husbandry and Dairying’–
(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 assessment years 2025-2026 relevant for the financial years 2024-2025 and shall be applicable for assessment years 2026 -2027,2027-2028, 2028-2029 & 2029-2030 relevant for the financial years 2025-2026, 2026-2027,2027-2028 & 2028-2029.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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