CBDT Notifies Income Tax Exemption for Kota Development Authority u/s 10(46A)

CBDT Notifies Income Tax Exemption for Kota Development Authority u/s 10(46A)

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance and Department of Revenue recently issued a notification (No. 04/2026) on January 7, 2026, regarding income tax exemption.

The Central Government, using its powers given by Section 10 (46A) of the Income-tax Act, 1961 (43), notifies “Kota Development Authority” for income tax exemption. The Kota Development Authority is established under the Kota Development Authority Act 2023 (Act No. 31). This notification will be effective from the assessment year 2025-26, subject to certain conditions.

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This benefit will only be made effective if Kota Development Authority continues to be an authority constituted under the Kota Development Authority Act, 2023 (Act No. 31) with one or more of the purposes specified in section 10 (46A) of the Income-tax Act.