CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board:

CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has recently issued an official notification (No. 156/2025/F. No. 300195/11/2024-ITA-I), dated November 4, 2025, for income tax exemption. In powers given by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43), the Central Government notifies 'Karnataka Housing Board', a board constituted under the Karnataka Housing Board Act, 1962, of the Income-tax Act, for income tax exemption.

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Income Tax Exemption will be applicable only if 'Karnataka Housing Board' continues to be a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income Tax Act. Note: This notification will come into force from the assessment year 2024-25. For complete information, refer to the official notification-