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>Barnala Improvement Trust recognition as authority u/s 10(46A) for exempt income, effective AY2024-25, retrospective</h1> Notification recognizes Barnala Improvement Trust as an 'authority' for the purposes of clause (46A) of section 10 of the Income-tax Act, 1961, thereby prescribing that specified income of the Trust is exempt under section 10(46A); this recognition is effective from assessment year 2024-25, conditional on the Trust continuing to be a local authority constituted under the Punjab Town Improvement Act, 1922 and possessing one or more purposes specified in sub-clause (a) of clause (46A) of section 10, with retrospective effect to the year of application as certified.