CBDT Grants Income Tax Exemption to Shree Ayodhya Jee Teerth Vikas Parishad:

CBDT Grants Income Tax Exemption to Shree Ayodhya Jee Teerth Vikas Parishad The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has issued an official notification No. 26/2026, dated March 24, 2026, awarding income-tax exemption status to the Shree Ayodhya Jee Teerth Vikas Parishad. The government has taken the aforementioned action in exercise of its powers granted under clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961). The exemption will help the Parishad use more of its funds for development work instead of paying taxes. The Parishad was created by the Uttar Pradesh government under the UP Shree Ayodhya Jee Teerth Vikas Parishad Act, 2023 (U.P. Act No. 23 of 2023), for purposes under the same. The notification will apply from Assessment Year 2025 26. The tax benefit will continue only if the assessee remains a body formed under the Uttar Pradesh Shree Ayodhya Jee Teerth Vikas Parishad Act, 2023. It should also keep working for the purposes mentioned in clause (46A)(a) of Section 10 of the Income Tax Act 1961. It is confirmed that no person will be adversely affected by the retrospective effect (from the year the application was filed before the CBDT/Income Tax Department) of the present notification.