The CBDT has granted income-tax exemption to the Core Settlement Guarantee Fund of the National Commodity & Derivatives Exchange, strengthening financial safety in commodities markets for AYs 2019–20 to 2026–27.
CBDT Grants Tax Exemption to NCCL's Guarantee Fund
The Central Board of Direct Taxes (CBDT) has announced an income-tax exemption for the Core Settlement Guarantee Fund maintained by the National Commodity & Derivatives Exchange (NCCL) for assessment years 2019–20 to 2026–27. This decision aims to fortify the financial safety net in the commodity market sector.
The exemption is intended to bolster investor confidence and market stability by providing tax relief for this significant settlement fund, which plays a crucial role in managing counterparty risk during trading operations.
This development is vital for stakeholders in the commodity market, as it not only enhances financial security but also contributes to overall market resilience, allowing for more robust trading activities and investor participation.
Citations
- CBDT Notification (2026) CBDT 1
