**Executive Summary**
This notification from the Ministry of Finance, dated November 26th, 2025, concerns the exemption of specific income of the Haryana State Board of Technical Education (HSBTE), Panchkula from income tax under Section 10 (46) of the Income-tax Act, 1961. The notification is effective retroactively for Assessment Year 2025-2026 and applies through Assessment Year 2029-2030. HSBTE is required to file income tax returns as prescribed.
**Key Points / Main Content**
* **Income Tax Exemption:** Notifies specific income of the Haryana State Board of Technical Education (HSBTE), Panchkula as exempt from income tax.
* **Exempted Income Categories:**
* Grants, assignments, and contributions from the Central and State Governments of Haryana.
* Fees (affiliation, examination, migration, transcription, etc.).
* Royalties and charges, including penalties.
* Bequests, donations, and endowments.
* Sale proceeds of securities and rents/profits from property vested in HSBTE.
* Interest on bank deposits.
* **Conditions for Exemption:**
* HSBTE must not engage in any commercial activity.
* The nature of the specified income must remain unchanged.
* HSBTE must file income tax returns according to Section 139 (4C)(g) of the Income-tax Act, 1961.
* **Applicability Period:** This notification applies retroactively for Assessment Year 2025-2026 relevant to Financial Year 2024-25 and applicable for Assessment Years 2026-27 to 2029-30 relevant to Financial Years 2025-2026 to 2028-2029.
**Impact Analysis**
**Haryana State Board of Technical Education (HSBTE), Panchkula**
* **Impact:** Specified income is exempt from income tax, provided it adheres to the stated conditions.
* **Action Required:**
* Ensure compliance with the conditions, including refraining from commercial activities and maintaining the nature of the specified income.
* File income tax returns according to the provisions of Section 139 of the Income-tax Act, 1961.
**Central Government / Tax Authorities**
* **Impact:** Must recognize the exemption of the specified income for HSBTE when assessing income tax.
* **Action Required:** Update relevant systems and guidelines to reflect the exempted status of HSBTE's specified income.
Key Entities Referenced
Income-tax Act, 1961: The primary law being referenced, specifically clause (46) of section 10.
Haryana State Board of Technical Education (HSBTE), Panchkula: The board whose income is being specified in the notification.
Ministry of Finance: The issuing authority of the notification.
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना इस ित ड के अधीन प्रभािी होगी दक हररयाणा राज्य तकनीकी जिक्षा बोडड, पंचकुला -
(क) दकसी भी िाजणजज्यक गजतजिजध में संलग्न नहीं होगा;
(ख) गजतजिजधयां और जनर्िष्टड आय की प्रकृजत पूरे जित्तीय िर्ड में अपररिर्तडत रहगे ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के खंड (छ) के प्रािधान के अनसु ार आयकर
ररटनड िाजखल करेगा।
3. यह अजधसूचना जित्तीय िर्ड 2024-25 से संबंजधत कर जनधारड ण िर्ड 2025-2026 के जलए लागू मानी िाएगी तथा
जित्तीय िर्ड 2025-2026 से 2028-2029 से संबंजधत कर जनधाडरण िर् ड2026-27 से 2029-30 के जलए लाग ूमानी िाएगी।
[अजधसूचना स.ं 163/2025/फा. सं. 300196/76/2024-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 26th November, 2025
S.O. 5442(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, ‘Haryana State Board of
Technical Education (HSBTE), Panchkula’ (PAN: AAAGT0008A), a Board constituted by Government of Haryana, in
respect of the following specified income arising to the said Board, as follows:
(a) Grants, Assignments and Contributions received from the Central Government and the State
Government of Haryana.
(b) Fees, such as Affiliation Fees, Examination Fees, Migration Fees, Transcription Fees, etc.
(c) Royalties and charges including penalties.
(d) Bequests, donations and endowments or other contributions.
(e) Sale proceeds of any securities and Rents & profits from property vested in HSBTE.
(f) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that Haryana State Board of Technical Education,
Panchkula –
(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[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
(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 applied for Assessment Year 2025-2026 relevant to Financial Year
2024-25 and applicable for Assessment Years 2026-27 to 2029-30 relevant to Financial Years 2025-2026 to 2028-2029.
[Notification No. 163/2025/F. No. 300196/76/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect 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.