Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 10(46A) of the Income Tax Act, 1961 in the case of Karnataka Housing Board

Issue Date: 04 November 2025 Published: 04 November 2025

Gazette ID: CG-DL-E-04112025-267382 Download PDF

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Core Purpose

The Central Government notifies 'Karnataka Housing Board' under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, issued Notification S.O. 5006(E) on November 4, 2025, in exercise of powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961). This notification designates 'Karnataka Housing Board' (PAN: AAAJK0398K), a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963), for the purposes of the said clause. The notification is effective from the assessment year 2024-25, subject to the condition that the Karnataka Housing Board continues to be constituted under the Karnataka Housing Board Act, 1962, with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. This notification is referenced as No. 156/2025/F. No. 300195/11/2024-ITA-I, signed by Meenakshi Singh, Dy. Secry., and an explanatory memorandum certifies no person is adversely affected by its retrospective effect.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04112025-267382 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4851] NEW DELHI, TUESDAY, NOVEMBER 4, 2025/KARTIKA 13, 1947 7338 GI/2025 (1) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th November, 2025 S.O. 5006(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as "the Income-tax Act"), the Central Government hereby notifies 'Karnataka Housing Board' (PAN: AAAJK0398K) (hereinafter referred to as "the assessee"), a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963), for the purposes of the said clause. 2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. [Notification No. 156/2025/F. No. 300195/11/2024-ITA-I] MEENAKSHI SINGH, Dy. Secry. Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR Date: 2025.11.04 21:20

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