CBDT Notifies ‘Yamuna Expressway Industrial Development Authority’ for Exemption u/s 10(46)

Notification No. 48 /2023, dated 11-07-2023

The Central Board of Direct Taxes (CBDT) has notified ‘Yamuna Expressway Industrial Development Authority’ for the purposes of clause (46) of section 10 of the Income-tax Act, 1961. The exemption shall be available in respect of the following income:

a) Grants received from the State Government;

b) Money received from the disposal of land, building and other properties, movable and immovable;

c) Money received by the way of rent & fees or any other charges from the disposal of land, building and other properties, movable and immovable;

d) The amount of interest earned on the funds deposited in the banks; and

e) The amount of interest/penalties received on the deferred payment received from the Allottees of various movable or immovable properties.

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