CBDT exempts NCCL settlement fund from tax
- Posted on July 8, 2026
- By Business News Today
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- 1 min read
CBDT exempts NCCL settlement fund from tax
The Central Board of Direct Taxes has granted income-tax exemption to NCCL's Core Settlement Guarantee Fund. This tax benefit will continue for assessment years 2019-20 through 2026-27. The exemption ensures continued tax relief under the new Income-Tax Act provisions. This relief remains available as long as the fund files its income-tax returns. The notification removes uncertainty over the tax treatment of this important market safeguard.
