Granting Tax Exemption to Haryana State Board of Technical Education (HSBTE), Panchkula (PAN: AAAGT0008A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025.
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Tax exemption for technical education board covers specified income, subject to non-commercial operations, unchanged activities, and return-filing compliance.
Tax exemption under section 10(46) of the Income-tax Act, 1961 is notified for Haryana State Board of Technical Education, Panchkula, in respect of government receipts, prescribed fees, royalties and charges, donations, property and securities income, and bank-deposit interest. Exemption requires that the Board not undertake commercial activity, that its activities and specified income remain unchanged, and that it file the required income return. Non-compliance may result in penal action and withdrawal of exemption. The notification is deemed applicable from assessment year 2024-25.