Income Tax Exemption Under Section 10(46A) for Pollution Control Boards from AY 2025-26 Onwards

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Full Text of the Document

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....The Central Government exempts a pollution control board, constituted under the Air and Water (Prevention & Control of Pollution) Acts, from specified income tax under section 10(46A) of the Income-tax Act, 1961, effective from the assessment year 2025-2026. This exemption applies provided the board continues to operate under the relevant Acts and fulfills the purposes outlined in the Income-tax Act. The notification confirms no adverse impact on any person due to its retrospective effect.....