CBDT Notifies Tax Exemption for Goa Board of Secondary and Higher Secondary Education u/s 10(46)

The Central Board of Direct Taxes (CBDT) has recently shared a notification on March 27, 2026, regarding income tax exemption.

The Central Government, using its power given under Section 10 clause (46) of the Income-tax Act, 1961 (43), notifies the “Goa Board of Secondary and Higher Secondary Education” for income tax exemption.

The Goa Board of Secondary and Higher Secondary Education is established by the Goa, Daman and Diu Secondary and Higher Secondary Education Board Act, 19754 and Rule 1975 passed by the Legislative of Goa, Daman and Diu in respect of the following income arising to the board:

• Grants from the Central Government and the State Government of Goa
• Fees, Income or money received as per the Goa, Daman and Diu Secondary and High Secondary Education Board Act, 1975 and Rules, 1975.
• Interest on bank deposits and investments.

However, the tax exemption benefit will only be made available if the board agrees to the following conditions:

• The board will not be involved in any commercial activity.
• Activities and the nature of the specified income will remain unchanged throughout the financial year.
• The board will file a return of income in accordance with the provisions of section 139 of the Income-tax Act, 1961.

In case the board fails to comply with the above conditions, the tax authorities may take action against the board under the Income Tax Act, 1961, and the board may lose the tax benefits it was given under section 10(46).

Note: This notification will be applicable for the assessment years 2024-25 to 2028-29 (F.Y. 2023-24 to 2027-28).