Overview

• Effective from assessment year 2024–25, the exemption applies to NOIDA’s non-commercial income from public property rents, government grants and service fees.
• All revenues from its commercial ventures including real estate sales and investment interest will continue to be fully taxable.
• CBDT’s Notification No. 116/2025 requires NOIDA to maintain separate accounts for exempt and non-exempt income or face possible revocation.
• The authority plans to reinvest the tax savings into infrastructure upgrades such as roads, housing, water supply, drainage and urban services.
• Private developers could benefit from streamlined project approvals, enhanced utilities and greater policy certainty as local infrastructure improves.