**Executive Summary**
This is a notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India, declaring the Haryana State Board of Technical Education (HSBTE), Panchkula, as eligible for income tax exemptions under Section 10(46) of the Income-tax Act, 1961, for specified incomes. This notification is effective from the financial year 2024-25 (assessment year 2025-2026) and remains applicable through the assessment year 2029-2030.
**Key Points / Main Content**
* **Exemption Notification:**
* The Haryana State Board of Technical Education (HSBTE), Panchkula, is notified as eligible for income tax exemptions under Section 10(46) of the Income-tax Act, 1961.
* **Specified Incomes Eligible for Exemption:**
* Grants, assignments, and contributions from the Central Government and the State Government of Haryana.
* Fees such as affiliation fees, examination fees, migration fees, transcription fees, etc.
* Royalties and charges, including penalties.
* Bequests, donations, and endowments or other contributions.
* Sale proceeds of securities and rents & profits from property vested in HSBTE.
* Interest earned on bank deposits.
* **Conditions for Exemption:**
* HSBTE must not engage in any commercial activity.
* The nature of activities and specified income must remain unchanged throughout the financial years.
* HSBTE must file income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961.
* **Applicability Period:**
* The notification applies to the assessment year 2025-2026, relevant to the financial year 2024-25 and continues through the assessment year 2029-2030, relevant to the financial year 2028-2029.
**Impact Analysis**
**Haryana State Board of Technical Education (HSBTE), Panchkula**
* **Impact**
* HSBTE will be exempt from income tax on the specified incomes.
* **Action Required**
* Ensure compliance with the conditions mentioned in the notification, including avoiding commercial activities, maintaining consistency in income nature, and filing income tax returns.
Key Entities Referenced
Income-tax Act, 1961: The main legislation related to income tax in India.
Haryana State Board of Technical Education (HSBTE), Panchkula: A board constituted by the Government of Haryana.
Ministry of Finance: The ministry responsible for financial matters, including revenue.
Central Board of Direct Taxes: The board responsible for direct tax matters.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-26112025-267980
CG-DxLx-xEG-I2D6H1x1x2x0 25-267980
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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.ं 5261] नई दिल्ली, बुधिार, निम्ब र 26, 2025/अग्रहायण 5, 1947
No. 5261] NEW DELHI, WEDNESDAY, NOVEMBER 26, 2025/AGRAHAYANA 5, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 26 निम् बर, 2025
का.आ. 5442(अ).— केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा
प्रित्त िजियों का प्रयोग करते हुए, उि खडं के प्रयोिनों के जलए हररयाणा सरकार द्वारा गरित बोडड 'हररयाणा राज्य तकनीकी
जिक्षा बोडड (एचएसबीटीई), पचं कुला' (पैन: AAAGT0008A) को, होने िाली जनम्नजलजखत जिजनर्िडष्ट आय के संबंध म ें
अजधसूजचत करती ह ै:
(क) केन्द्र सरकार और हररयाणा राज्य सरकार स ेप्राप्त अनुिान, असाइनमेंट और अिं िान।
(ख) िुल्क, िैसे संबद्धता िल्ु क, परीक्षा िुल्क, प्रिासन िुल्क, प्रजतलखे न िल्ु क, आदि।
(ग) रॉयल्टी और िंड सजहत प्रभार।
(घ) िसीयतें, िान और बंिोबस्ट्ती या अन्द्य अंििान।
(ङ) एचएसबीटीई में जनजहत दकसी भी प्रजतभूजतयों की जबक्री आय और संपजत्त से दकराया और लाभ।
(च) बैंक िमा पर अर्िडत ब्याि।
7945 GI/2025 (1)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.