**Executive Summary**
The Ministry of Finance has issued a notification granting tax exemption to the ‘Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP)’ under Section 10(46) of the Income-tax Act, 1961. This exemption applies to specific income sources for the Assessment Years 2025-2026 through 2029-2030. The notification mandates strict adherence to operational conditions and filing requirements to maintain this exempt status.
**Key Points / Main Content**
**Notified Entity and Income**
* **Entity:** Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP), an authority constituted by the Government of Odisha (PAN: AAALO0342F).
* **Specified Exempt Income:** The exemption covers grants received from the state government, interest on fixed deposits and saving accounts (refundable to the Odisha Government), and non-refundable tender fees.
**Operational Conditions**
* **Commercial Activity Prohibited:** The entity must not engage in any form of commercial activity.
* **Consistency of Purpose:** The nature of the entity’s activities and the nature of its specified income must remain unchanged throughout the financial years.
* **Filing Requirements:** The entity is required to file returns of income in accordance with Section 139(4C)(g) of the Income-tax Act, 1961.
**Applicability and Enforcement**
* **Effective Period:** The notification is deemed effective for Assessment Year (AY) 2025-2026 (Financial Year 2024-2025) and applies to the period covering AY 2026-2027 to AY 2029-2030.
* **Consequences of Non-compliance:** Failure to satisfy the prescribed conditions may result in the withdrawal of the tax exemption and the initiation of penal actions under the Income-tax Act.
* **Retrospective Effect:** An explanatory memorandum certifies that the retrospective application (from the year of application filing) does not adversely affect any person.
**Impact Analysis**
**Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP)**
**Impact**
The entity is granted a tax-exempt status for its primary income streams, including grants and specific interest earnings, for a five-year assessment period. This reduces the financial burden of taxation on funds intended for empowerment and livelihoods.
**Action Required**
The entity must strictly avoid commercial ventures, ensure its core activities remain consistent, and mandatorily file its annual returns of income under the specified sections of the Income-tax Act.
**Income Tax Department / Central Board of Direct Taxes (CBDT)**
**Impact**
The department is responsible for oversight regarding this exemption. It retains the authority to audit the entity’s activities to ensure they remain non-commercial.
**Action Required**
The department must monitor the entity’s annual filings and is empowered to initiate penal proceedings or withdraw the exemption if the entity violates the notified conditions.
Key Entities Referenced
Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP): An authority constituted by the State Government of Odisha notified for tax exemption on specified incomes like grants and interest.
Income-tax Act, 1961: The primary legislation governing income tax in India, under which the tax exemption notification is issued.
Section 10(46) of the Income-tax Act, 1961: The specific legal provision empowering the Central Government to notify bodies for exemption from income tax on specified income.
Central Board of Direct Taxes (CBDT): The regulatory body within the Ministry of Finance responsible for administering direct tax laws and issuing this notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-27032026-271355
CG-DxLx-xEG-I2D7H0x3x2x0 26-271355
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1562] नई दिल्ली, िुक्रिार, माच ड27, 2026/चत्रै 6, 1948 13, 1947 26/पौर्ष 17, 1947
No. 1562] NEW DELHI, FRIDAY, MARCH 27, 2026/CHAITRA 6, 1948 ss, 1947 /PAUSHA 17, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 27 माच,ड 2026
का.आ. 1627(अ).— केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46)
द्वारा प्रित्त िजियों का प्रयोग करते हुए उि खंड के प्रयोिनों के जलए एतद्द्वारा ,'ओजडिा पीिीटीिी सिजिकरण
एिं आिीजिका सुधार कायडक्रम (ओपीईएलआईपी)' (पैन AAALO0342F) िो ओजडिा राज्य सरकार द्वारा गठित
प्राजधकरण ह,ै को जनम्नजलजखत जनर्िडष्ट आय के संबंध में अजधसूजचत करती ह,ै अर्ाडत्:-
(क) राज्य सरकार से प्राप्त अनुिान;
(ख) ओजडिा सरकार को ठरफंड योग्य सािजध िमा और बचत खाते पर ब्याि; और
(ग) गैरठरफंड योग्य- जनजििा िुल्क
2. यह अजधसचू ना ओजडिा पीिीटीिी सिजिकरण एिं आिीजिका सुधार कायडक्रम (ओपेजलप) की ितों के
अधीन प्रभािी होगी।
(क) दकसी भी प्रकार की िाजणजज्यक गजतजिजध में संलग्न नहीं होगा;
(ख) पूरे जित्तीय िर्षों के िौरान गजतजिजधयााँ और जनर्िडष्ट आय की प्रकृजत अपठरिर्तडत रहगे ी; और
2269 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4सी) के खंड (िी) के प्रािधान के
अनुसार आय जििरण िाजखल करेगा।
3. इन ितों का पालन न करने पर आयकर अजधजनयम, 1961 के प्रािधानों के तहत िंडात्मक कारडिाई
िुरू की िा सकती ह ै और अजधजनयम की धारा 10(46) के तहत िी गई छूट िापस ली िा सकती ह।ै
4. यह अजधसूचना जनधाडरण िर्षड 2025-2026 (जित्तीय िर्षड 2024-2025) की अिजध के जलए लाग ूमानी
िाएगी और जनधाडरण िर्षड 2026-2027, 2027-2028, 2028-2029 और 2029-2030 (जित्तीय िर्षड 2025-
2026 से 2028-2029) के संबंध में लाग ू होगी।
[अजधसूचना सं. 38/2026/फा.सं.300196/4/2025-आईटीए-I]
हरिेि ससंह, अिर सजचि
व्याख्यात्मक ज्ञापन
प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को पूिडव्यापी प्रभाि से (बोडड/ आयकर जिभाग के समक्ष आिेिन दकए
िाने के िर्ष ड से) लागू करने स े दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 27th March, 2026
S.O. 1627(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, ‘Odisha PVTG Empowerment
and Livelihoods Improvement Programme (OPELIP)’ (PAN AAALO0342F), an Authority constituted by the State
Government of Odisha, in respect of the following specified income arising to that Board, namely:-
(a) Grants received form state government;
(b) Interest on fixed Deposit and Saving account, which are refundable to Govt. of Odisha; and
(c) Non-refundable Tender fee.
2. This notification shall be effective subject to the conditions that Odisha PVTG Empowerment and Livelihoods
Improvement Programme (OPELIP)-
(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. 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.
4. This notification shall be deemed to have been applied for the period of assessment year 2025-2026 (Financial
year 2024-2025) and shall apply with respect to the assessment year 2026-2027, 2027-2028, 2028-2029 and 2029-2030
(Financial year 2025-2026 to 2028-2029).
[Notification No. 38/2026/F.No.300196/4/2025-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 filed with the CBDT/ Income-tax 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.