Central Board of Direct Taxes (CBDT) issued notification no. 145/2025 dated 02.09.2025 to provide exemption u/s 10(46) of the Income tax Act, 1961 to ‘Central Board of Secondary Education’, Delhi (PAN AAAAC8859Q), a Board constituted by the Central Government, in respect of the following specified income arising to that Board, namely:
(a) Examination Fees;
(b) Affiliation Fees;
(c) Registration Fees, Sports fees, Training fees and Other Academic receipts;
(e) Receipts from CBSE Projects/Programmes;
(f) Interest on Bank deposits/Securities/ Loan & Advances, and Income Tax Refunds;
(g) Interest earned on (a) to (e) above.
2. This notification shall be effective subject to Central Board of Secondary Education, Delhi:-
(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 applicable with respect to the financial years 2025-2026 to 2029-30 relevant to Assessment Year 2026-27 to 2030-31.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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