The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, has issued Notification S.O. 5006(E) in New Delhi on November 4, 2025. This notification, issued under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, notifies 'Karnataka Housing Board' (PAN: AAAJK0398K) as 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, contingent upon the assessee continuing 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. The notification number is 156/2025/F. No. 300195/11/2024-ITA-I. Meenakshi Singh, Deputy Secretary, has signed the notification. The notification certifies that it does not have a retrospective effect that adversely affects any person.
Key Entities Referenced
Income-tax Act, 1961: The primary law being referenced, specifically section 10, clause (46A).
Karnataka Housing Board: The entity being notified for exemption under the Income-tax Act.
Ministry of Finance: The government ministry issuing the notification.
Central Board of Direct Taxes: Department under the Ministry of Finance issuing the notification.
Karnataka Housing Board Act, 1962: The law under which the Karnataka Housing Board was constituted.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4851] नई दिल्ली, मगं लिार, निम्ब र 4, 2025/कार्तकड 13, 1947
No. 4851] NEW DELHI, TUESDAY, NOVEMBER 4, 2025/KARTIKA 13, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 4 निम् बर, 2025
का.आ. 5006(अ).— केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) (जिसे इसके बाि “आयकर
अजधजनयम” के रूप म ें संिर्भडत दकया िाएगा) की धारा 10 के खंड (46क) के उपखंड (ख) द्वारा प्रित्त िजियों का प्रयोग
करते हुए, एतद्द्वारा 'कनाडटक हाउससंग बोडड' (पनै : AAAJK0398K) (जिसे इसके बाि “जनधाडररती” के रूप म ें संिर्भडत दकया
िाएगा) को कनाडटक हाउससंग बोडड अजधजनयम, 1962 (1963 का अजधजनयम संख्या 10) के तहत गरित एक बोडड के रूप में,
उि खंड के प्रयोिनों के जलए अजधसूजचत करती ह।ै
7338 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना जनधारड ण िर्ड 2024-2025 से प्रभािी होगी, बिते दक करिाता आयकर अजधजनयम की धारा 10 के खंड
(46क) के उपखडं (क) में जनर्िडष्ट एक या अजधक प्रयोिनों के साथ कनाडटक आिास बोड ड अजधजनयम, 1962 (1963 का
अजधजनयम संख्या 10) के तहत गरित बोड डबना रह।े
[अजधसूचना स.ं 156 /2025/फा. सं. 300195/11/2024-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
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.
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and Published by the Controller of Publications, Delhi-110054.