https://www.taxtmi.com/news?id=16096 Tax exemption for Urban Development Agencies is conditioned on satisfying charitable-entity criteria: a charitable purpose, engagement in public-utility objects, registration under the applicable regime, and absence of trade or commercial activities above the prescribed commercial threshold. Government-constituted UDAs may claim a separate exemption provided they do not conduct commercial activities and fulfill other statutory conditions. A request for modifying UDA tax treatment was reviewed during the 2016 budget exercise and not adopted due to a policy to reduce exemptions. en-us Sat, 30 Apr 2016 14:16:32 +0530 Sat, 30 Apr 2016 14:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16096 Tax exemption for Urban Development Agencies is conditioned on satisfying charitable-entity criteria: a charitable purpose, engagement in public-utility objects, registration under the applicable regime, and absence of trade or commercial activities above the prescribed commercial threshold. Government-constituted UDAs may claim a separate exemption provided they do not conduct commercial activities and fulfill other statutory conditions. A request for modifying UDA tax treatment was reviewed during the 2016 budget exercise and not adopted due to a policy to reduce exemptions. News - Sat, 30 Apr 2016 14:16:32 +0530 https://www.taxtmi.com/news?id=16096