Tax Exemption for AMC Repo Clearing Limited Settlement Fund
- Document
- Notification Notification No. 6/2026
- Effective
- Assessment year 2024-25 and subsequent assessment years.
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 6/2026 confirms that the Core Settlement Guarantee Fund managed by AMC Repo Clearing Limited is now exempt from income tax. This change ensures the fund's earnings are not taxed under the Income-tax Act, 1961.
What has changed
How it worked before
Previously, there was no specific notification under section 10(23EE) of the Income-tax Act, 1961, which provides tax exemptions for specific settlement funds. Without this official recognition, the fund's income did not automatically qualify for this tax-free status.
What has changed
The government has officially notified the Core Settlement Guarantee Fund under section 10(23EE), which allows certain funds to be exempt from income tax. This applies starting from the 2024-25 assessment year, which is the period used to calculate tax on your previous year's income.
Who this affects
This notification specifically affects AMC Repo Clearing Limited, the entity responsible for managing the Core Settlement Guarantee Fund.
What you should do
AMC Repo Clearing Limited must ensure it continues to file its income tax returns as required by section 139(4C), which covers filing rules for specific tax-exempt entities. No action is required by individual investors or other businesses.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 6/2026 |
| Full title | Notification No. 6/2026 |
| Effective | Assessment year 2024-25 and subsequent assessment years. |
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