Tax Exemption for Goa Board of Secondary and Higher Secondary Education
- Document
- Notification Notification No. 35/2026
- Effective
- Assessment years 2024-25 to 2028-29 (financial years 2023-24 to 2027-28).
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 35/2026 confirms that the Goa Board of Secondary and Higher Secondary Education is exempt from paying income tax on specific types of income. This document exists to clarify the tax status of the Board for the assessment years 2024-25 through 2028-29, which refers to the period when your tax is calculated based on the previous year's earnings.
What has changed
How it worked before
Previously, there was no specific notification under section 10(46) of the Income-tax Act—the law governing how income is taxed—that explicitly granted this tax exemption to the Goa Board. Without this formal recognition, the Board's income could have been subject to standard tax rules.
What has changed
The government has now officially exempted the Board from paying income tax on money received from government grants, student fees, and interest earned on investments. This means the Board does not have to pay tax on these specific funds, provided they follow the rules set out in the notification.
Who this affects
This notification applies exclusively to the Goa Board of Secondary and Higher Secondary Education. It does not affect individual students, teachers, or private schools operating under the Board.
What you should do
The Board must ensure it does not engage in any commercial activities, as this would disqualify them from the tax exemption. Additionally, the Board is still required to file their income tax returns—the annual report of earnings submitted to the government—as mandated by law.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 35/2026 |
| Full title | Notification No. 35/2026 |
| Effective | Assessment years 2024-25 to 2028-29 (financial years 2023-24 to 2027-28). |
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