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<h1>Central Government Recognizes District Mineral Foundation Trusts u/s 10(46) for Tax Exemption, 2018-2023.</h1> The Central Government, under Section 10(46) of the Income Tax Act, 1961, has notified the 'District Mineral Foundation Trust' as a specified authority for certain types of income. These include contributions from leaseholders, interest from late payments, penalties, and interest from funds and savings. The notification is effective for assessment years from 2018-2019 to 2022-2023, subject to conditions such as non-engagement in commercial activities and consistent income nature. The Trusts must file income returns and audit reports. The notification applies to various District Mineral Foundation Trusts across multiple Indian states.