Bellary Urban Development Authority Exempted from Income Tax u/s 10(46): Notifies CBDT [Read Order]
CBDT granted income tax exemption to the Bellary Urban Development Authority under section 10(46) of income tax act, 1961
By Navasree A.M - On January 3, 2024 4:40 pm - 2 mins read
In accordance with notification number S.O. 40(E) dated January 2, 2024, the Central Board of Direct Taxes (CBDT) has granted an Income Tax exemption to the Bellary Urban Development Authority under Section 10(46) of the Income Tax Act, 1961. The specified income exempted from income tax are: Revenue from own layout development; Collections on account…
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