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<h1>Centre exempts state housing board from tax under section 10(46A)(b) from AY 2024-25, subject to conditions</h1> The Central Government, exercising powers under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, notifies the assessee - a board constituted under the state housing board Act, 1962 - as eligible for tax exemption under that clause, effective from assessment year 2024-25. The exemption is conditional on the assessee continuing to be a constituted board with one or more purposes specified in sub-clause (a) of clause (46A). The accompanying memorandum certifies that no person is adversely affected by the retrospective effect.