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

The Central Board of Direct Taxes (CBDT) has notified the Yamuna Expressway Industrial Development Authority (YEIDA) as a tax-exempt entity under Section 10(46) of the Income Tax Act. This notification grants an exemption on the specified income earned by YEIDA, which is a government body responsible for the planned development of the region along the Yamuna Expressway. The exempted income includes amounts received from land premiums, interest, and various fees and charges. This tax relief is provided to government-constituted authorities that are not engaged in commercial activities. The exemption will allow YEIDA to retain more of its revenue and reinvest it in the development of crucial infrastructure projects, thereby fostering economic growth and urbanization in the region without the liability of paying income tax on its primary sources of income.