Tax Exemption for Puducherry Planning Authority under Section 10(46A) of the Income-tax Act, 1961

Last updated: 20 June 2025

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The Central Government has granted a tax exemption to the Puducherry Planning Authority under Section 10(46A) of the Income-tax Act, 1961. This exemption is effective from the assessment year 2024-25. To maintain this exemption, the authority must continue to be constituted under the Pondicherry Town and Country Planning Act, 1969, and fulfil specific purposes outlined in the Act.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 17th June, 2025

S.O. 2710(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Incometax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies the “Puducherry Planning Authority” (PAN: AAAAP3523E) (hereinafter referred to as “the assessee”), an authority constituted under the Pondicherry Town and Country Planning Act, 1969 (Act No.13 of 1970) for the purposes of the said clause.

2.This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority constituted under the Pondicherry Town and Country Planning Act, 1969 (Act No.13 of 1970) 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. 61 /2025/F. No. 300195/4/2024-ITA-I]
MEENAKSHI SINGH, Dy, Secy.

Official copy of the circular has been attached

FAQ :

The Puducherry Planning Authority is being granted an exemption from income tax under Section 10(46A) of the Income-tax Act, 1961.

This notification is effective from the assessment year 2024-25.

The authority must continue to be constituted under the Pondicherry Town and Country Planning Act, 1969, and carry out one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.

The exemption is granted under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.

This notification was issued by the Central Government through the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.

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Notification No : Notification No. 61 /2025/F. No. 300195/4/2024-ITA-I
Published in Income Tax
Source : https://egazette.gov.in/(S(tntsznsqosrr3etk2rzk3tai))/ViewPDF.aspx

Attached File : 322600_11468_263912.pdf

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