Income Tax Exemption for Patiala Urban Planning and Development Authority
- Document
- Notification Notification No. 30/2026
- Effective
- Assessment year 2024-25.
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification 30/2026 confirms that the Patiala Urban Planning and Development Authority (PDA) is exempt from paying income tax on its earnings.
What has changed
How it worked before
Previously, there was no specific notification under section 10(46A) of the Income-tax Act, which is the rule that allows the government to exempt certain public bodies from paying tax on their income.
What has changed
The government has officially recognized the PDA as an exempt body starting from the 2024-25 assessment year, which is the twelve-month period used to calculate tax. This means the authority does not have to pay income tax on its specified activities.
Who this affects
This change applies exclusively to the Patiala Urban Planning and Development Authority (PDA) in Punjab.
What you should do
No action is required by the public or any other business owners. This is an administrative update regarding the tax status of a specific government-constituted authority.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 30/2026 |
| Full title | Notification No. 30/2026 |
| Effective | Assessment year 2024-25. |
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