Tax exemption for the Core Settlement Guarantee Fund is subject to recognition, disclosure, and taxability conditions under the Income-tax Act. Tax exemption is notified for the Core Settlement Guarantee Fund set up by National Commodity Clearing Limited (NCCL) for tax year 2026-2027 onwards under Schedule III read with section 11 of the Income-tax Act, 2025, subject to continued recognition of NCCL as a clearing corporation, taxable treatment of any shared surplus amounts, and filing of return of income under section 263. Non-compliance may result in withdrawal of the exemption and initiation of proceedings under the Act.