Income Tax Notification u/s 10(46A) in case of Rajasthan Housing Board

The Ministry of Finance has recently issued a notification dated July 7, 2025, in which the Central Government has officially notified the Rajasthan Housing Board as eligible for tax exemption under section 10(46A) of the Income Tax Act, 1961. The board was set up under the Rajasthan Housing Board Act, 1970.

As per the notification, the above tax exemption will be applicable from the Assessment Year 2024-25. However, the said exemption will only be applicable on the condition that the assessee will continue to operate under the Rajasthan Housing Board Act, 1970 (Act No. 4 of 1970)

Refer to the official notification for more information.