CBDT has reduced the tax of District Mineral Foundation Trusts which has raised the offering from leaseholder to the foundation, interest on delayed return, fines, interest on the funds, saving bank accounts, and that collected from excess reserves invested in a term deposit.
The Board has defined provisions for availing the privilege. the Trust is not involved in any commercial exercise and actions of the detailed income shall not change during the financial years. The Trust has to file tax on gains and audit statements, verified by a Chartered Accountant (CA) 
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“In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘District Mineral Foundation Trust’ as specified in the schedule to this notification, constituted by Government in the exercise of powers conferred under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a ‘class of Authority’,”
The tax exemption will apply for the assessment years 2018-2019, 2019-2020, 2020-2021, 2021-2022, and 2022-2023.
In the prerequisite of Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015, the District Mineral Foundation has developed in every district. It comes in the Ministry of Mines which are provided by statutory offerings from holders of mining contracts.
Business groups earlier attempted to subsume all taxes the same as royalty and aidings to the DMF into individual tax like goods and services tax to diminish the tax load on the mining enterprise. People have claimed that the mining division is going through a hard interval due to declining commodity prices and lesser demand.
Due to COVID-19 the Federation of Indian Chambers of Commerce and Industry already acknowledged various difficulties with interruptions and asked for a delay of royalty and contributions to DMF and National Mineral Exploration Trust (NMET) over six months.
