CBDT Notifies Tax Exemption to Commissioners for the Rabindra Setu:

CBDT Notifies Tax Exemption to Commissioners for the Rabindra Setu Under Section 10(46)

The Ministry of Finance (Department of Revenue) has issued a notification (Notification No. 143/2025/F. No. 300196/12/2025-ITA-I, dated September 2, 2025), granting tax exemption to 'The Commissioners for the Rabindra Setu', Kolkata, under Section 10(46) of the Income-tax Act, 1961, on specified income. This body was set up under the Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965).

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This tax exemption applies to five financial years, including 2023-24 (AY 2024-25), 2024-25 (AY 2025-26), 2025-26 (AY 2026-27), 2026-27 (AY 2027-28), and 2027-28 (AY 2028-29). As per the notification, the tax exemption is allowed on the following income earned by the body:

• Proceeds from Taxes of Municipalities/ Municipal Corporations and Railways;
• Miscellaneous income such as rental and maintenance charges, income from laying optical fibre cables, way leave rent, and amounts recovered as damage costs.
• Interest earned on bank deposits

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The above incomes are tax-exempt, subject to the following conditions specified in the notification:

• the body should not be engaged in any commercial activity.
• their activities and the nature of the exempted income should remain unchanged throughout the mentioned financial years.
• It must file an income tax return (ITR) as per the provisions of section 139(4C)(g) of the Income-tax Act, 1961.