CBDT notifies ‘Regional Air Connectivity Fund Trust’ for exemption under section 10(46)
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- Last Updated on 24 February, 2026
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Notification No. 1/2022, dated 06-01-2022
The Central Board of Direct Taxes (CBDT) has notified ‘Regional Air Connectivity Fund Trust’, a trust constituted by the Central Government, for clause (46) of section 10 of the Income-tax Act, 1961. The following income arising to the trust is exempt under section 10(46):
(a) Grant from Government;
(b) Receipt of levy from Airlines;
(c) Forfeiture of bank guarantee due to non-fulfilment of obligation by Airlines; and
(d) Interest income earned on (a) to (c) above.
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