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Income Tax - Highlights / Catch Notes

Home Highlights April 2025 Year 2025 This

The Central Government notified the Prayagraj Mela Pradhikaran ...


Tax Exemption Granted to Prayagraj Mela Pradhikaran Under Section 10(46A) for Assessment Year 2024-25

April 9, 2025

Notifications     Income Tax

The Central Government notified the Prayagraj Mela Pradhikaran as an exempt entity under Section 10(46A) of the Income-tax Act, 1961. The exemption is effective from the assessment year 2024-25, contingent upon the authority's continued status under the Uttar Pradesh Prayagraj Mela Authority Act, 2017. The notification specifically applies to the designated authority, granting tax exemption subject to maintaining its original statutory constitutional framework and prescribed organizational purposes.

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