The Central Board of Direct Taxes (CBDT) has issued two notifications no. 158 and 159 on 7th November, 2025, granting income tax exemptions to two statutory authorities under clause (46) of section 10 of the Income-tax Act, 1961.
1. Haryana Building and Other Construction Workers Welfare Board, Panchkula
Vide Notification No. 158/2025 [F. No. 300196/38/2025-ITA-I], the Central Government has notified the Haryana Building and Other Construction Workers Welfare Board, Panchkula (PAN: AAATH6995H), constituted by the State Government of Haryana, for exemption under clause (46) of section 10 of the Income-tax Act, 1961.
The exemption applies to the following specified incomes:
- Registration fees and yearly subscriptions collected from construction workers registered with the Board.
- Proceeds of cess collected under the Building and Other Construction Workers Welfare Cess Act, 1996 and rules thereunder.
- Interest income received on bank deposits.
This notification shall be applicable for the financial years 2025-26 to 2029-30, relevant to assessment years 2026-27 to 2030-31, subject to the conditions that the Board shall not engage in any commercial activity, that the nature of the specified income shall remain unchanged during the said period, and that the Board shall file its return of income as prescribed under section 139(4C) of the Income-tax Act.
2. Ayodhya Vikas Pradhikaran (Ayodhya Development Authority)
Vide Notification No. 159/2025 [F. No. 300195/58/2024-ITA-I], the Central Government has notified Ayodhya Vikas Pradhikaran (Ayodhya Development Authority) (PAN: AAALA0206C), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act 11 of 1973), for exemption under clause (46A) of section 10 of the Income-tax Act, 1961.
This notification shall be effective from the assessment year 2024-25, subject to the condition that the Authority continues to operate under the same statutory framework with one or more of the purposes specified in the said clause.
Clarification
Both notifications include an Explanatory Memorandum certifying that no person is being adversely affected by giving retrospective effect to these notifications.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/11/CBDT-N.No_.-158-159_2025.pdf
