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of <h1>Core Settlement Guarantee Fund for AMC Repo Clearing gets section 10(23EE) tax exemption, conditional on SEBI recognition and filings.</h1> The Core Settlement Guarantee Fund established by AMC Repo Clearing Limited is notified for the purposes of section 10(23EE) of the Income-tax Act, 1961 in respect of the specified income covered by Explanation (iii) to that clause for assessment year 2024-25 and subsequent assessment years, with the operative effect that such specified income of the fund qualifies for the exemption under section 10(23EE) for those years. The notification is conditional on the fund continuing to comply with section 10(23EE), including filing its return of income under section 139(4C), and on AMC Repo Clearing Limited continuing to be recognised by SEBI as a clearing corporation, failing which the benefit under section 10(23EE) would not apply.
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