National Aviation Security Fee Trust Receives Income Tax Exemption from CBDT u/s 10(46)

The CBDT has granted income tax exemption to the National Aviation Security Fee Trust under Section 10(46) of the Income Tax Act. This exemption, effective from the assessment year 2025-2026 to 2029-2030, covers specified incomes such as grants, subsidies, and fees collected for aviation security. The exemption aims to support the trust’s efforts in enhancing aviation security infrastructure and services. This decision underscores the government’s focus on strengthening national security measures and providing financial relief to institutions involved in critical public safety functions.