Tax Exemption for Odisha PVTG Empowerment and Livelihoods Improvement Programme Income
- Document
- Notification Notification No. 38/2026
- Effective
- Assessment years 2025-2026 to 2029-2030.
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 No. 38/2026 explains that certain income earned by the Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP) is now exempt from Income Tax. This document exists to clarify which specific funds are tax-free for this government-backed livelihood program.
What has changed
How it worked before
Previously, there was no specific notification under section 10(46) of the Income-tax Act—which allows the government to exempt certain income of specific bodies—that covered the income streams of this program. This meant the organization had to follow standard tax rules for its earnings.
What has changed
The government has now officially exempted specific income earned by OPELIP from Income Tax for the assessment years 2025-2026 through 2029-2030. An assessment year is the year you calculate and pay tax on the previous year's income. This exemption applies to state grants, interest earned on specific funds, and non-refundable tender fees.
Who this affects
This notification specifically affects the Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP). It does not apply to private businesses, individuals, or other non-profit organizations.
What you should do
The organization must ensure it does not engage in any commercial activities that fall outside the scope of this exemption. They must also continue to file their annual Income Tax Returns as required by section 139(4C)(g), which is the rule for filing returns for certain government-funded bodies.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 38/2026 |
| Full title | Notification No. 38/2026 |
| Effective | Assessment years 2025-2026 to 2029-2030. |
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