*The Central Board of Direct Taxes (CBDT) has notified the Yamuna Expressway Industrial Development Authority (YEIDA) as a tax-exempt entity under Section 10(46A) of the Income-tax Act, 1961.* This exemption applies to YEIDA's income from Assessment Year 2024-25 onwards, subject to specified conditions . *Key Details:* - *Tax Exemption*: YEIDA is exempt from income tax under Section 10(46A) of the Income-tax Act, 1961. - *Assessment Year*: The exemption applies from Assessment Year 2024-25 onwards. - *Conditions*: The exemption remains in force only if YEIDA continues to function under the UP Industrial Area Development Act, 1976, and carries out activities within the defined scope of public infrastructure or industrial area development. - *Role of YEIDA*: YEIDA is a statutory authority responsible for developing the Yamuna Expressway region, including the future Jewar International Airport, industrial corridors, logistics parks, and residential areas. *Implications:* - YEIDA's tax-exempt status will support industrial infrastructure development in Uttar Pradesh. - The exemption will help YEIDA to utilize its resources more efficiently for development projects. - This move is expected to boost economic growth and investment in the region . "Share this update with others and stay updated by following the WhatsApp channel!"