**Executive Summary**
This notification, issued by the Central Board of Direct Taxes on August 4, 2026, grants income tax exemptions to the "Odisha Joint Entrance Examination Committee" for specific revenue streams. The exemption is effective for the financial year 2025-26 (Assessment Year 2026-27) under the framework of the Income-tax Act, 1961, which remains applicable for certain proceedings despite its repeal by the Income-tax Act, 2025. Continued eligibility is strictly contingent upon the committee's adherence to non-commercial activity and mandatory filing requirements.
**Key Points / Main Content**
**Legal Context and Continuity**
* The Income-tax Act, 1961 has been repealed by the Income-tax Act, 2025; however, Section 536 of the new Act preserves rights, liabilities, and pending proceedings initiated under the 1961 Act.
* Proceedings initiated before April 1, 2026, will continue under the procedure specified in the 1961 Act.
**Notified Entity and Exempted Income**
* The "Odisha Joint Entrance Examination Committee" (PAN: AAAGO0158G) is the specified body established by the Government of Odisha.
* Exemption is granted for the following categories of income:
* Examination fees collected from candidates.
* Counselling and application processing fees.
* Interest earned on bank deposits.
**Operational Conditions**
* The Committee is strictly prohibited from engaging in any commercial activity.
* The nature of the committee's activities and its specified income must remain unchanged throughout the relevant financial years.
* The Committee must file its return of income in accordance with Section 139(4C)(g) of the Income-tax Act, 1961.
**Compliance and Enforcement**
* Failure to comply with the specified conditions will result in the withdrawal of the exemption.
* Non-compliance will trigger penal actions under the provisions of the Income-tax Act, 1961.
**Impact Analysis**
**Odisha Joint Entrance Examination Committee**
**Impact**
The Committee is granted tax-exempt status on its primary revenue sources (fees and interest) for the 2025-26 financial year. It is legally protected from retrospective adverse effects regarding its application filing.
**Action Required**
The Committee must ensure it does not engage in commercial ventures, maintains the nature of its specified income, and files its income tax returns as per statutory requirements to avoid penal actions.
**Central Board of Direct Taxes (CBDT) / Income Tax Authorities**
**Impact**
Authorities are mandated to recognize the committee's specified income as exempt for the Assessment Year 2026-27.
**Action Required**
The Department must monitor the Committee’s compliance with the non-commercial activity clause and ensure that returns are filed according to the 1961 Act’s provisions.
**Candidates/Applicants**
**Impact**
Candidates are indirectly affected as the fees they pay for examinations and counseling are processed through a recognized, tax-exempt government-constituted body.
**Action Required**
No direct action is required from the candidates.
Key Entities Referenced
Odisha Joint Entrance Examination Committee: The primary body established by the Government of Odisha whose specified incomes, including examination fees, counseling fees, and bank interest, are granted tax exemption.
Income-tax Act, 1961: The principal legislation under which Section 10(46) provides the framework for exempting the specified income of notified bodies or authorities.
Income-tax Act, 2025: The successor legislation that repealed the 1961 Act but maintains the validity of previous tax exemptions and proceedings through saving provisions in Section 536.
Central Board of Direct Taxes: The regulatory authority under the Ministry of Finance that issued this notification to specify the conditions and scope of the tax exemption.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-04082026-275175
xxxGIDHxxx
CG-DLxx-ExG-I0D4E0x8x2x0 26-275175
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4145] िई कदल्ली, मगं लिार, अगस्ट्त 4, 2026/श्रािण 13, 1948 25/आषाढ़ 3, 1947
No. 4145] NEW DELHI, TUESDAY, AUGUST 4, 2026/SHRAVAN 13, 1948 SHADHA 3, 1947
वित्त मत्रं ालय
(राजस्ि विभाग)
(केंद्रीय प्रत्यक्ष कर बोर्ड)
अविसचू ना
नई दिल्ली, 4 अगस्त, 2026
का.आ. 4321(अ).— िहां कक आयकर अविवनयम, 1961 (1961 का 43) की िारा 10 (46) म ें कुछ वनकायों या
प्राविकरणों या बोर्ों या ट्रस्टों या आयोगों की जिजिर्दिष्ट आय पर छूट का प्रािधाि दकया गया ह,ै जैसा दक केंद्र सरकार
द्वारा इस िारा के प्रयोजनों के वलए सरकारी राजपत्र म ें अविसवू चत दकया िाए;
और िहांकक, आयकर अविवनयम, 1961 (1961 का 43) को आयकर अविवनयम, 2025 (2025 का 30) की
िारा 536 (1) द्वारा वनरस्त कर दिया गया ह;ै
और िहांकक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(क) और (ख) म,ें अन्य बातों के साथ-
साथ, यह प्रािधाि ह ै दक आयकर अविवनयम, 1961 (1961 का 43) (एतजममि पश्चात 1961 के अविवनयम के रूप म ें
संिर्भडत) के वनरसन के बािजूि और उसकी उप-िारा (4) के अिीन रहते हुए, जिम्न पर कोई प्रभाि नहीं पडगे ा-
(i) 1961 के अविवनयम के प्राििानों का वपछला संचालन उसके तहत विविित रूप से िारी दकया गया कोई
आिेश या ककया गया कोई कायि या सहि की गयी कोई बात; या
(ii) 1961 के अविवनयम या इस अविवनयम के तहत िारी आिेशों के तहत प्राप्त, अर्जडत ककया गया कोई भी
अविकार, विशेषाविकार, िावयत्ि या देयता;
6004 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
और िहां कक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(ग) म ें प्राििान ह ै दक 1961 के इस
अविवनयम के प्राििान आयकर अविवनयम, 2025 (2025 का 30) के शुरू होन े की तारीख को लंवबत दकसी भी कायडिाही
पर और 1 अप्रलै , 2026 स े पहल े प्रारंभ होि े िाल े ककसी भी कर िष ि के संबंध में 1 अप्रलै , 2026 को या उसके बाि शरूु की
गई दकसी भी कायडिाही (िोटिस मूल्यांकन, पुनमल्ूड यांकन, पनु गडणना, सुिार, जुमाडना, संिभ,ड संशोिन और अपील सजहत)
पर लाग ूरहगें े और ऐसी कायडिाही 1961 के अविवनयम म ेंजिजिर्दिष्ट प्रदिया के अनुसार की जाएगी;
और िहा ं कक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(अ) म ें यह प्राििान ह ै दक दकसी भी
आयकर प्राविकरण या वनरस्त आयकर अविवनयम के तहत गठित दकसी अन्य प्राविकरण, अपीलीय न्यायाविकरण, या
दकसी भी अिालत के समक्ष इसके शरूु होन े की तारीख को आिेिन, अपील, संिभ ड या संशोिन के माध्यम स े या ककसी अन्य
माध्यम से लंजबत कोई कायििाही को उसी प्रकार जारी रखा जाएगा और वनपटाया जाएगा जैसे दक यह अविवनयम
अविवनयवमत ही ि ककया गया ह।ै
अतः, अब, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(क) स े (ग) और (ङ) के प्राििानों के
अिुपालि म,ें केंद्र सरकार, एतद्द्वारा 1961 के अविवनयम की िारा 10 (46) के प्रयोजनों के वलए, "ओवर्शा संयुक्त प्रिेश
परीक्षा सवमवत" (पनै : AAAGO0158G)", िो कक ओवर्शा सरकार द्वारा गठित एक जिकाय ह,ै को उस जिकाय को होन े
िाली वनम्नवलवखत विजिजिर्दिष्ट आय के संबंि म,ें अविसूवचत करती ह.ै यथा:-
(क) उम्मीििारों स े एकत्र परीक्षा शल्ु क;
(ख) काउंसललंग और आिेिन प्रसंस्करण शुल्क: तथा
(ग) बैंक जमा पर अर्जडत ब्याज I
2. यह अविसूचना इन शतों के अिीन प्रभािी होगी ओवर्शा संयक्तु प्रिेश परीक्षा सवमवत –
(क) दकसी भी व्यािसावयक गवतविवि म ें सलं ग्न नहीं होगी;
(ख) की गवतविवियां और जिजिजिर्दिष्ट आय की प्रकृवत परू े वित्तीय िषों में अपठरिर्तडत रहगे ी; तथा
(ग) 1961 के अविवनयम के 139 (4 ग) (छ) के प्राििानों के अनुसार आय की जििरणी िावखल करेगी।
3. इन शतों का पालन करन े म ें विफलता की जस्ट्थजत म ें 1961 के अविवनयम के प्राििानों के तहत िर्ं ात्मक कारडिाई
शुरू की जाएगी, और 1961 के अविवनयम की िारा 10(46) के तहत िी गई छूट िापस ल ेली जाएगी।
4. इस अविसूचना को वित्तीय िष ड 2025-26 से संबंजधत जिधािरण िष ड 2026-27 के वलए लाग ूमािी िाएगी।
[अविसूचना स.ं 109 /2026 / फा. स.ं 300196/39/2025-आईटीए-I]
हरिेि लसंह, अिर सवचि
स्ट्पष्टीकरण-ज्ञापन
प्रमावणत दकया जाता ह ै दक इस अविसूचना को पूिडव्यापी प्रभाि (केंद्रीय प्रत्यक्ष कर बोर्ड या आयकर विभाग के समक्ष
िायर दकए गए आिेिन के िषड स)े िेन े स े दकसी भी व्यवक्त के वहतों पर प्रवतकूल प्रभाि नहीं पड़ रहा ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 4th August, 2026.
S.O. 4321(E).— Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for
exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may
be notified by the Central Government in the Official Gazette for the purposes of that section;
And whereas, the Income-tax Act, 1961 (43 of 1961) was repealed by section 536 (1) of the
Income-tax Act, 2025 (30 of 2025);
And whereas, section 536(2)(a) and (b) of the Income-tax Act, 2025 (30 of 2025), inter alia,
provides that irrespective of the repeal of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as
the Act of 1961) and subject to sub-section (4) thereof, nothing shall affect-
(i) the previous operation of the provisions of the Act of 1961 and any order or anything duly done
or suffered thereunder; or
(ii) any right, privilege, obligation or liability acquired, accrued or incurred under the Act of 1961
or orders under that Act;
And whereas, section 536(2)(c) of the Income-tax Act, 2025 (30 of 2025) provides that the
provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of
commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1st
April, 2026 (including notices, assessment, reassessment, recomputation, rectification, penalty, reference,
revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings
shall be carried out as per the procedure specified in the Act of 1961;
And whereas, section 536(2)(e) of the Income-tax Act, 2025 (30 of 2025) provides that any
proceeding pending on the date of its commencement before any income-tax authority or any other
authority constituted under the repealed Income-tax Act, Appellate Tribunal, or any court, by way of
application, appeal, reference or revision or by any other means, shall be continued and disposed of as if
this Act had not been enacted;
Now, therefore, in pursuance of the provisions of section 536(2)(a) to (c) and (e) of the Income-tax
Act, 2025 (30 of 2025), the Central Government hereby notifies, for the purposes of section 10 (46) of the
Act of 1961, "Odisha Joint Entrance Examination Committee” (PAN: AAAGO0158G)”, a body
established by the Government of Odisha, in respect of the following specified income arising to that body,
namely:-
(a) Examination Fees collected from candidates;
(b) Counselling and application processing fees; and
(c) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that Odisha Joint Entrance Examination
Committee –
(a) shall not engage in any commercial activity;
(b) its 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 provisions of 139(4C)(g) of the Act of
1961.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. Failure to comply with these conditions shall result in the initiation of penal actions under the
provisions of the Act of 1961, and withdrawal of exemption granted u/s 10(46) of the Act of 1961.
4. This notification shall be deemed to have been applied for the assessment year 2026-27 relevant to
the financial year 2025-26.
[Notification No. 109 /2026 /F. No. 300196/39/2025-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that the interests of no person are being adversely affected by giving retrospective effect [with
effect from the year of its application filed before the Central Board of Direct Tax or Income-tax
Department] to this notification.
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