CBDT Issues Notification Granting Tax Relief to Karnataka Housing Board
The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) recently issued a notification (No. 156/2025/F. No. 300195/11/2024-ITA-I) on November 4, 2025 for income tax exemption.
In powers given by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43), the Central Government notifies ‘Karnataka Housing Board’, a board constituted under the Karnataka Housing Board Act, 1962 of the Income-tax Act for income tax exemption.
Income Tax Exemption will be applicable only if ‘Karnataka Housing Board’ continues to be a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income Tax Act.
Note: This notification will come into force from the assessment year 2024-25.
For complete information refer to the official notification-
