Notification no. 29/2026 dated 25.03.2026- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 29/2026 dated 25.03.2026 to provide exemption u/s 10(46A)(b) of Income-tax Act, 1961 (43 of 1961), to the Haryana Urban Development Authority (now known as Haryana Shehri Vikas Pradhikaran) [AAAAH0087M] , an authority set up under the Haryana Urban Development Authority Act, 1977 (Haryana Act No. 13 of 1977).

This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority set up under the Haryana Urban Development Authority Act, 1977 (Haryana Act No. 13 of 1977) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.