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<h1>Government declares Trust exempt under section 10(46) for specified income, subject to conditions and filing requirements</h1> The Central Government notifies that a government-constituted trust (the Trust) is exempt under section 10(46) of the Income-tax Act for specified income: guarantee fees from eligible lending institutions, mutual fund income, miscellaneous income, and interest from banks/financial institutions, subject to conditions that the Trust not engage in commercial activity, maintain unchanged activities and nature of specified income, and file returns as required by law; the notification operates from assessment year 2025-26 and applies through assessment year 2029-30.