Income-Tax Exemption Notification For Kota Development Authority Under Section 10(46A); No. 04 /2026/F. No. 300195/72/2024-ITA-I, Dated 7th January, 2026

The Central Government, exercising its powers under Section 10(46A)(b) of the Income-tax Act, 1961, has notified the Kota Development Authority (KDA) as an eligible authority for income-tax exemption on specified income. Constituted under the Kota Development Authority Act, 2023, the KDA qualifies for exemption provided it continues to function with one or more of the purposes listed in Section 10(46A)(a), such as urban planning and development activities.

The notification is effective from Assessment Year 2025–26, thereby extending statutory tax relief to the Authority in recognition of its public and developmental functions. The accompanying explanatory memorandum clarifies that granting effect from the year of application does not adversely affect any person, reaffirming the benevolent and clarificatory nature of the notification.