The Central Board of Direct Taxes (CBDT) issued Notification no. 47/2024 – Income tax dated 29.05.2024. Vide this notification, the Central Government hereby notifies the Mathura Vrindavan Development Authority, an authority constituted under the Uttar Pradesh Urban Planning Development Act, 1973, for the purpose of sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961).
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority constituted under the Uttar Pradesh Urban Planning Development Act, 1973 (President’s Act 11 of 1973) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
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