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Exemption in respect of Income of the Urban Development Agencies

News and Press Release - Dated:- 30-4-2016 - As per the existing provisions under the Income-tax Act, 1961 ( Act ), Urban Development Authority (UDAs) can claim tax exemption under the relevant provisions of the Act provided prescribed conditions are .....

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be involved in carrying on any activity in the nature of trade, commerce or business etc. for a cess, fee or any other consideration if such aggregate consideration exceeds rupees twenty- five lakh. If any UDA falls in this category and fulfills all .....

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