CBDT Notifies Income Tax Exemption for Rajasthan Housing Board

The CBDT (Central Board of Direct Taxes) has notified an Income Tax exemption for the Rajasthan Housing Board. This official notification from the apex direct tax body formalizes the exemption previously reported. Granting this exemption, likely under Section 10(46) of the Income Tax Act, ensures that the income derived by the Rajasthan Housing Board from its public housing activities is not subject to income tax. This measure aims to bolster the Board's financial capacity, enabling it to channel more resources towards affordable housing projects and urban development in the state.