Tax Exemption for Karnataka State Rural Livelihood Promotion Society
- Document
- Notification Notification No. 11/2026
- Effective
- Assessment years 2024-25, 2025-26, 2026-27, 2027-28, and 2028-29.
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification 11/2026 confirms that the Karnataka State Rural Livelihood Promotion Society is exempt from paying income tax on specific types of earnings. This document exists to formally recognize the society's tax-free status for its government-funded activities.
What has changed
How it worked before
Previously, there was no specific notification granting this tax exemption to the Karnataka State Rural Livelihood Promotion Society. The organization was subject to standard tax rules on its income like any other entity.
What has changed
The government has now officially exempted the society from paying income tax on income from grants and bank interest under section 10(46), which allows tax-free status for specific government bodies. This applies to the assessment years 2024-25 through 2028-29, meaning the society does not owe tax on these specific funds for those periods.
Who this affects
This notification applies exclusively to the Karnataka State Rural Livelihood Promotion Society. It does not affect other businesses, non-profits, or individual taxpayers.
What you should do
The society must ensure it does not engage in any commercial activities, as the exemption only covers non-commercial income. Additionally, the society is required to file its annual return of income as mandated by section 139(4C), which covers the filing requirements for specific tax-exempt institutions.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 11/2026 |
| Full title | Notification No. 11/2026 |
| Effective | Assessment years 2024-25, 2025-26, 2026-27, 2027-28, and 2028-29. |
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