MoF Grants Tax Exemption to Ajmer Development Authority u/s 10(46A) of Income-tax Act:

MoF Grants Tax Exemption to Ajmer Development Authority u/s 10(46A) of Income-tax Act The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently issued a notification (No. 168/2025) on December 4, 2025, regarding income tax exemption. The Central Government notifies "Ajmer Development Authority" tax exempted in exercise of its powers granted under Section 10 (46A) of the Income-tax Act, 1961 (43). Ajmer Development is an authority established under the Ajmer Development Authority Act 2013.

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This notification will only be effective from the assessment year 2024-25, subject to the condition that the Ajmer Development Authority continues to be an authority established under the Ajmer Development Authority Act 2013, with one or more of the purposes mentioned in Section 10 (Clause 46A) of the Income-tax Act.