Income Tax Exemption for Agra Development Authority
- Document
- Notification Notification No. 10/2026
- Effective
- Assessment year 2024-25
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification No. 10/2026 confirms that the Agra Development Authority is exempt from paying income tax. This document exists to officially grant this tax-free status under the Income-tax Act.
What has changed
How it worked before
Previously, there was no specific notification granting this tax exemption to the Agra Development Authority. The organization was subject to standard income tax rules like any other taxable entity.
What has changed
The government has now officially recognized the Agra Development Authority as an exempt body under section 10(46A), which covers specific government-created development authorities. This means the income earned by the authority is no longer subject to income tax starting from the assessment year 2024-25, which is the period used to calculate tax for the previous financial year.
Who this affects
This change specifically affects the Agra Development Authority. It does not apply to private businesses, individual taxpayers, or other government bodies.
What you should do
No action is required by the public or the authority itself regarding this notification. The exemption is applied automatically based on this official government order.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 10/2026 |
| Full title | Notification No. 10/2026 |
| Effective | Assessment year 2024-25 |
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