TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Karnataka State Horticulture Development Agency's Income Tax Exemption u/s 10 for 2021-2025: Key Conditions Explained.</h1> The Central Government, under clause (46) of section 10 of the Income-tax Act, 1961, exempts the Karnataka State Horticulture Development Agency from specified income tax. The exempted income includes grants-in-aid from the Central and Karnataka State Governments, revenue from horticulture activities aligned with the agency's objectives, and interest on bank deposits. Conditions for this exemption include no engagement in commercial activities, unchanged nature of activities and income, and filing of income returns as per section 139(4C)(g). The notification applies retrospectively to assessment years 2021-2022 through 2024-2025. No adverse effects arise from this retrospective application.
TaxTMI 
