Just a moment...
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 Government grants section 10(46A)(b) tax exemption to specified development authority, effective retrospectively from AY 2024-25</h1> The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, notifies a specified development authority constituted under the Ajmer Development Authority Act, 2013, as an eligible 'assessee' for tax exemption on specified income. The notification applies from assessment year 2024-25 onwards, provided the authority continues to exist under the 2013 Act and pursues one or more purposes listed in section 10(46A)(a). The exemption is thus retrospective from AY 2024-25, and it is certified that no person is adversely affected by the retrospective operation of this notification.