https://www.taxtmi.com/highlights?id=91939 The government notifies that a government-constituted trust established under an animal husbandry/dairying stimulus will be exempt from tax under the specified income provision of the Income-tax Act for guarantee fees from eligible lending institutions, mutual fund income, miscellaneous income, and interest from banks/financial institutions, subject to conditions: the trust must not engage in commercial activity, its activities and specified income must remain unchanged during the financial years, and it must file returns as required by the Act; the notification operates retrospectively for assessment year 2025-26 and applies through assessment year 2029-30. en-us Tue, 26 Aug 2025 19:07:25 +0530 Tue, 26 Aug 2025 19:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91939 The government notifies that a government-constituted trust established under an animal husbandry/dairying stimulus will be exempt from tax under the specified income provision of the Income-tax Act for guarantee fees from eligible lending institutions, mutual fund income, miscellaneous income, and interest from banks/financial institutions, subject to conditions: the trust must not engage in commercial activity, its activities and specified income must remain unchanged during the financial years, and it must file returns as required by the Act; the notification operates retrospectively for assessment year 2025-26 and applies through assessment year 2029-30. Highlights Income Tax Tue, 26 Aug 2025 19:07:25 +0530 https://www.taxtmi.com/highlights?id=91939