Finance Ministry Grants Income Tax Exemption to Rajasthan Housing Board Under Section 10(46A)

The Finance Ministry has granted Income Tax exemption to Rajasthan Housing Board under Section 10(46A). This exemption category is typically for entities established for public welfare or specific government functions. Granting this exemption means the Board's income derived from its activities (like providing affordable housing) will not be subject to income tax. This decision aims to support the Board's objective of promoting housing development and public welfare, allowing it to reinvest its earnings into further housing projects without the burden of income tax.