FM Notifies Ayodhya Vikas Pradhikaran for Tax Exemption under Income Tax

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently shared a notification (No. 159/2025/F. No. 300195/58/2024-ITA-I) on November 7, 2025 related to income tax exemption.

In powers given by Section 10 (Clause 46A) sub-clause (b) of the Income Tax Act, 1961 (43), the Central Government notifies ‘Ayodhya Vikas Pradhikaran’. It is an authority incorporated under the Uttar Pradesh Urban Planning and Development Act, 1973 (Act 11) for income tax exemption.

This notification will be effective from the assessment year 2024-25 only on the condition that Ayodhya Vikas Pradhikaran continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (Act 11) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income Tax Act.