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The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued two separate notifications on January 6, 2026, granting income tax exemption status to specified statutory authorities under Section 10(46A) of the Income-tax Act, 1961. Both notifications will be effective retrospec
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FAQ :
The Mussoorie Dehradun Development Authority (MDDA) and the Joint Electricity Regulatory Commission for the State of Goa and Union Territories (except Delhi) have been granted income tax exemption.
The exemption is granted under Section 10(46A) of the Income-tax Act, 1961.
The exemption is effective retrospectively from Assessment Year (AY) 2024-25.
The authorities must continue to operate under their respective statutes and carry out one or more objectives specified under Section 10(46A)(a), which relate to public utility and regulatory functions.
The retrospective effect is granted because the exemption is applicable from the year the applications were originally made, ensuring it does not adversely affect any person.
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