The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes, issued Notification No. 61/2025 – Income Tax on June 17, 2025. This notification, under the authority of sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, formally recognizes the Puducherry Planning Authority (PAN: AAAAP3523E) for the purposes of this specific clause.
The Puducherry Planning Authority, established under the Pondicherry Town and Country Planning Act, 1969, will have this recognition effective from the assessment year 2024-25. This exemption is contingent on the authority maintaining its status as a body constituted under the aforementioned Act, with its functions aligning with one or more of the purposes outlined in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. This measure provides clarity regarding the tax treatment of the Puducherry Planning Authority.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 61/2025 – Income Tax | Dated: 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 Income-tax 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.
