1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Just a moment...
1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central notification exempts specified Howrah Bridge body income from tax under section 10(46) for AYs 2024-25 to 2028-29</h1> A central government notification exempts specified income of a body established under the Howrah Bridge (Amendment) Act, 1965, from tax under section 10(46) of the Income-tax Act for assessment years 2024-25 through 2028-29. Exempt income covers proceeds from municipal/rail taxes, rental and maintenance and related miscellaneous receipts (including way-leave and damage recoveries), and interest on bank deposits. The exemption is subject to conditions: the body must not engage in commercial activity, the nature of the specified income must remain unchanged, and income returns must be filed as required by clause (g) of section 139(4C). The notification is retrospective and certified not to adversely affect any person.