This notification, S.O. 3364(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on July 22, 2025, pertains to an Income-tax exemption under Section 10(46) of the Income-tax Act, 1961. The notification applies to the Puducherry Building and Other Construction Workers Welfare Board (PAN: AABAP7098M), a board constituted by the Government of the Union Territory of Puducherry. The specified income exempted includes: (a) Cess received, (b) Registration/Renewal fees collected from building and other construction workers, and (c) Interest received on bank deposits. This exemption is conditional upon the Board not engaging in any commercial activity, maintaining the nature of the specified income and activities, and filing income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961. The notification is effective retrospectively for the financial years 2023-2024 and 2024-2025 (assessment years 2024-2025 and 2025-2026) and prospectively for financial years 2025-2026, 2026-2027 and 2027-2028 (assessment years 2026-20207, 2027-2028 and 2028-2029). The notification number is 123/2025/F. No. 300196/142024-ITAI.
Key Entities Referenced
Income-tax Act, 1961: A law of India, specifically section 10 and section 139 are relevant to this notification.
Central Board of Direct Taxes: The department under the Ministry of Finance that issued the notification.
Ministry of Finance: The Government of India ministry under which the Central Board of Direct Taxes falls.
Puducherry Building and Other Construction Workers Welfare Board: A board constituted by the Government of Union Territory of Puducherry, which is the subject of the notification regarding income tax exemptions.
Government of Union Territory of Puducherry: The government that constituted the Puducherry Building and Other Construction Workers Welfare Board.
New Delhi: The city where the notification was issued.
Meenakshi Singh: The Deputy Secretary who signed the notification.
The Gazette of India: Official government publication in which the notification is published.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-22072025-264891
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3291] नई दिल्ली, मगं लिार, िुलाई 22, 2025/आषाढ़ 31, 1947
No. 3291] NEW DELHI, TUESDAY, JULY 22, 2025/ASHADHA 31, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 22 िुलाई, 2025
(आयकर)
का.आ. 3364(अ).— केन्द्र सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खडं (46) द्वारा
प्रित्त िजियों का प्रयोग करत ेहुए एतद्द्वारा “पडु ुचेरी भिन एि ंअन्द्य जनमाडण श्रजमक कल्याण बोडड” (पैन: AABAP7098M),
संघ राज्य क्षेत्र पडु ुचेरी सरकार द्वारा गठित बोड डको होन ेिाली जनम्नजलजखत जिजनर्िष्टड आय के संबंध म ेंउि खंड के प्रयोिनों
के जलए अजधसूजचत करती ह,ै अर्ाडत्:-
(क) प्राप्त उपकर,
(ख) भिन एिं अन्द्य जनमाणड श्रजमकों से प्राप्त/एकजत्रत पंिीकरण एिं निीनीकरण िल्ु क; और
(ग) बैंक िमा पर अर्िडत ब्याि
2. यह अजधसूचना इन ितों के अधीन प्रभािी होगी दक ‘पुडुचरे ी भिन एिं अन्द्य जनमाणड श्रजमक कल्याण बोडड'-
(क) दकसी भी िाजणजज्यक गजतजिजध में संलग्न नहीं होगा;
4906 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ख) गजतजिजधयां और जनर्िष्टड आय की प्रकृजत परू े जित्तीय िषड में अपठरिर्ततड रहगे ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के खंड (छ) के प्रािधान के अनसु ार आयकर जििरणी
िाजखल करेगा ।
3. यह अजधसूचना जनधाडरण िषड 2024-2025, 2025-2026 स ेसंबंजधत जित्तीय िषड 2023-2024, 2024-2025 के
जलए लागू मानी िाएगी तर्ा जनधाडरण िष ड 2026-2027 2027-2028 और 2028-2029 से संबंजधत जित्तीय िषड 2025-
2026, 2027-2028 और 2027-2028 के संबंध में भी लाग ूहोगी।
[अजधसूचना स.ं 123 /2025 /फा.स.ं 300196/14/2024-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd July, 2025
(Income-Tax)
S.O. 3364(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
(43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Puducherry Building and
Other Construction Workers Welfare Board’ (PAN: AABAP7098M), a Board constituted by Government of Union
Territory of Puducherry, in respect of the following specified income arising to that Board, namely:-
(a) Cess received,
(b) Registration & Renewal fee received/collected from the Building and other Construction Workers
(c) Interest received on bank deposits
2. This notification shall be effective subject to the conditions that “Puducherry Building and Other Contraction
Workers Welfare Board” -
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial
years; and
(c) shall file return of income in accordance with the proviso of clause (g) of sub-section (4C) of section
139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for financial years 2023-2024, 2024-2025 relevant to
assessment year 2024-25, 2025-26 and shall also apply with respect to financial year 2025-2026, 2026-2027 and 2027-
2028 relevant to assessment year 2026-2027, 2027-2028 and 2028-2029.
[Notification No. 123/2025/F. No. 300196/14/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.