The Ministry of Finance has granted the Rajasthan Housing Board an income tax exemption under Section 10(46A) of the Income-tax Act. This exemption, effective from Assessment Year 2024-25, means the Board's income will be tax-free, provided it adheres to its statutory mandate and specific conditions. This move is intended to support affordable housing efforts and reduce financial burdens on welfare-oriented statutory bodies.
In a significant relief to the Rajasthan Housing Board, the Ministry of Finance has granted income tax exemption under Section 10(46A)(b) of the Income-tax Act, 1961. The Central Board of Direct Taxes (CBDT) issued Notification No. 72/2025 dated July 7, 2025, formally notifying the Board (PAN: AAALR0046F) as an eligible entity for tax exemption with effect from Assessment Year 2024-25.
Established under the Rajasthan Housing Board Act, 1970, the Board works towards the development and regulatio
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FAQ :
The Rajasthan Housing Board is an entity established under the Rajasthan Housing Board Act, 1970, responsible for developing and regulating housing projects within the state.
The Rajasthan Housing Board has received an income tax exemption under Section 10(46A)(b) of the Income-tax Act, 1961.
The tax exemption is effective from Assessment Year 2024-25.
The Board must continue to function under its statutory mandate and pursue purposes outlined in Section 10(46A)(a) of the Income-tax Act, while maintaining its statutory character.
The government's objective is to promote affordable housing and ease the financial burdens of statutory bodies engaged in welfare-oriented activities.