**Executive Summary**
This notification, issued by the Ministry of Finance (Department of Revenue) on January 7, 2026, notifies the "Kota Development Authority" (PAN: AAAJK2043D) for the purposes of clause (46A) of section 10 of the Income-tax Act, 1961. The notification is effective from the assessment year 2025-26, subject to certain conditions.
**Key Points / Main Content**
* **Notification Purpose:** Notifies the Kota Development Authority under section 10(46A) of the Income-tax Act, 1961.
* **Authority Details:**
* Name: Kota Development Authority
* PAN: AAAJK2043D
* Constituted under: Kota Development Authority Act, 2023 (Act No. 31 of 2023)
* **Effective Date:** The notification is effective from the assessment year 2025-26.
* **Condition for Continued Notification:** The notification remains in effect as long as the Kota Development Authority continues to be an authority constituted under the Kota Development Authority Act, 2023 with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
* **Explanatory Memorandum:** Confirms that giving the notification a retrospective effect (from the year of application to the Board/Department) does not adversely affect any person.
**Impact Analysis**
**Kota Development Authority**
* **Impact:** Benefits from provisions under section 10(46A) of the Income-tax Act, 1961
* **Action Required:** Maintain compliance with the Kota Development Authority Act, 2023, ensuring continued operation as an authority with specified purposes under section 10(46A) of the Income-tax Act.
**Central Board of Direct Taxes (CBDT)**
* **Impact:** Responsible for implementing and enforcing the notification.
* **Action Required:** Update records and ensure compliance with the notification for the assessment year 2025-26 onwards.
**Taxpayers dealing with Kota Development Authority**
* **Impact:** Tax implications related to transactions with Kota Development Authority may change based on this notification.
* **Action Required:** Consult with tax advisors to understand the implications of this notification on their tax liabilities.
Key Entities Referenced
Income-tax Act, 1961: The primary law that the notification is referencing and amending.
Kota Development Authority Act, 2023: The act that establishes the Kota Development Authority. The notification pertains to this act.
Kota Development Authority: The authority formed under the Kota Development Authority Act, 2023, that is being notified for tax exemptions.
Section 10 of the Income-tax Act, 1961: The specific section in the Income-tax Act that the notification modifies, providing exemptions for certain incomes.
Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes): The government entity issuing the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-07012026-269176
CG-DxLx-xEG-I0D7H0x1x2x0 26-269176
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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.ं 90] नई दिल्ली, बुधिार, िनिरी 7, 2026/पौर् 17, 1947
No. 90] NEW DELHI, WEDNESDAY, JANUARY 7, 2026/PAUSHA 17, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
) केंद्रीय प्रत्यक्ष कर बोड(ड
अजधसचू ना
नई दिल् ली, 7 िनिरी, 2026
का.आ. 100(अ).—केंद्र सरकार, आयकर अजधजनयम, 1961 (1961 का 43), (इसम ें इसके पश्चात "आयकर
अजधजनयम" के रूप म ें संिर्भडत( की धारा 10 के खडं )46क( के उप-खंड )ख( द्वारा प्रित्त िजियों का प्रयोग करते हुए
एतद्द्वारा “कोटा जिकास प्राजधकरण अजधजनयम, 2023 (अजधजनयम संख्या 2023 का 31) के तहत गठित प्राजधकरण “कोटा
जिकास प्राजधकरण” (पनै : AAAJK2043D) (जिस े आग े “जनधाडठरती” कहा गया ह(ै को उि खडं के प्रयोिन के जलए
अजधसूजचत करती ह।ै
2. यह अजधसूचना कर जनधारड ण िर्ड 2025-26 स े प्रभािी होगी, बित े दक जनधाडठरती आयकर अजधजनयम की
धारा 10 के खंड )46क( के उप-खंड )क( म ें जनर्िष्टड एक या अजधक प्रयोिनों के साथ कोटा जिकास प्राजधकरण अजधजनयम,
2023 (अजधजनयम संख्या 2023 का 31) के तहत गठित प्राजधकरण बना रह।े
[अजधसूचना स.ं 04 /2026/फा. स.ं 300195/72/2024-आईटीए-I]
हरिेि ससंह, अिर सजचि
129 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से )बोडड/जिभाग के समक्ष आिेिन दकए िाने के
िर्ड से प्रभािी( दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 7th January, 2026
S.O. 100(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 “Kota Development Authority ”(PAN: AAAJK2043D) (hereinafter referred to as “the assessee”), an
authority constituted under the Kota Development Authority Act, 2023 (Act No. 31 of 2023) for the purposes of the
said clause.
2. This notification shall be effective from the assessment year 2025-26, subject to the condition that the assessee
continues to be an authority constituted under the Kota Development Authority Act, 2023 (Act No. 31 of 2023) 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. 04 /2026/F. No. 300195/72/2024-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (with effect from the year of
application made before the Board/Department) to this notification.
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and Published by the Controller of Publications, Delhi-110054.