Karnataka Urban Water Supply and Drainage Board exempted from income tax.
The Central Board of Direct Taxes (CBDT), vide notification no.S.O. 1000(E) dated 1st March, 2024 has notified the income tax exemption to the “Karnataka Urban Water Supply and Drainage Board”, under section 10(46) of the Income-tax Act, 1961. The following income are exempted from the income tax: Establishment, administrative, supervision, water charges and rent collected…
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