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of <h1>Mathura Vrindavan Development Authority Gains Tax Exemption u/s 10(46) of Income-tax Act for 2024-25 Onward.</h1> The Central Government has issued Notification No. 47/2024 under Section 10(46) of the Income-tax Act, 1961, recognizing the Mathura Vrindavan Development Authority as an exempt entity for income tax purposes. This authority, established under the Uttar Pradesh Urban Planning Development Act, 1973, is now eligible for tax exemptions starting from the assessment year 2024-25. The exemption is contingent upon the authority's continued operation under the specified Act and fulfilling the purposes outlined in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
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