CBDT Grants Income Tax Exemption to Haryana Shehri Vikas Pradhikaran from AY 2024-25:

CBDT Grants Income Tax Exemption to Haryana Shehri Vikas Pradhikaran from AY 2024-25 The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently issued a notification on March 25, 2026, regarding income tax exemption. The Central Government, using its powers under Section 10(46A)(b) of the Income-tax Act, 1961, officially notified the Haryana Urban Development Authority, which is now known as Haryana Shehri Vikas Pradhikaran (PAN: AAAAH0087M), for tax exemption. This authority was established under the Haryana Urban Development Authority Act, 1977, for the said clause.

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However, it will remain valid only as long as the authority continues to function under the Haryana Urban Development Authority Act, 1977 and continues to carry out one or more of the purposes mentioned in Section 10(46A)(a) of the Income-tax Act. Note: This notification will be effective from the Assessment Year 2024-25.