CBDT Issues Notification for Noida SEZ Authority Under Schedule III and Section 11 of the Income Tax Act, 2025

Overview of the Notification

The Central Board of Direct Taxes (CBDT) has issued Notification No. 108/2026-Income Tax, dated 4th August, 2026, formally notifying the Noida Special Economic Zone Authority (PAN: AAALN0639A) under Schedule III [Table: Sl. No. 36] read with Section 11 of the Income-tax Act, 2025 (30 of 2025). This notification grants the Authority recognition in respect of specific categories of income arising to it, subject to defined conditions, and remains operative for tax years 2026–27 and 2027–28.

The Noida Special Economic Zone Authority is a body constituted by the Government of India and functions as a statutory authority overseeing the administration and development of the Noida Special Economic Zone. The notification has been issued by the Ministry of Finance, Department of Revenue, under the authority of the Central Government.

Understanding Section 11

Section 11 of the Income-tax Act, 2025 deals with income derived from property held for charitable or public purposes. It provides for exemption from income tax in respect of income that accrues or arises to a trust or institution, provided the relevant conditions prescribed under the Act are satisfied.

Role of Schedule III [Table: Sl. No. 36]

Schedule III of the Income-tax Act, 2025 enumerates authorities, bodies, and institutions that are entitled to claim exemption in respect of specified income. Sl. No. 36 of the Table within this Schedule pertains to authorities constituted by the Central Government or State Governments for specific public purposes. By being notified under this provision, the Noida Special Economic Zone Authority becomes eligible to claim exemption in respect of the specified income streams detailed in the notification.

Important Note: The notification is issued in exercise of powers conferred by Schedule III [Table: Sl. No. 36] read with Section 11 of the Income-tax Act, 2025 (30 of 2025). The exemption applies exclusively to the income streams specifically enumerated in the notification and is conditional upon strict compliance with the prescribed requirements.

Specified Income Streams Covered Under the Notification