Notification no. 30/2026 dated 25.03.2026- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 30/2026 dated 25.03.2026 to provide exemption u/s 10(46A)(b) of the Income-tax Act, 1961 (43 of 1961) to the Patiala Urban Planning And Development Authority (PDA) [AAALP0095J] an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Act 11 of 1995).

This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority constituted the Punjab Regional and Town Planning and Development Act, 1995 (Act 11 of 1995) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.