Barnala Improvement Trust notified for tax exemption on specified income, effective from assessment year 2024-25. The Central Government notifies the Barnala Improvement Trust, constituted under the Punjab Town Improvement Act, 1922, as an authority for the purpose of tax exemption on specified income under clause (46A) of section 10 of the Income-tax Act, 1961, effective from the assessment year 2024-25, subject to the condition that the Trust continues to be a local authority with one or more purposes specified in sub-clause (a) of clause (46A).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Barnala Improvement Trust notified for tax exemption on specified income, effective from assessment year 2024-25.
The Central Government notifies the Barnala Improvement Trust, constituted under the Punjab Town Improvement Act, 1922, as an authority for the purpose of tax exemption on specified income under clause (46A) of section 10 of the Income-tax Act, 1961, effective from the assessment year 2024-25, subject to the condition that the Trust continues to be a local authority with one or more purposes specified in sub-clause (a) of clause (46A).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
