CBDTNotificationNotification No. 109/2016/F. No.196/17/2015-ITA.I01 Dec 2016

Income Tax Exemption for Chandigarh Building Workers Welfare Board

Who: Chandigarh Building and Other Construction Workers Welfare Board
Action: The board files return of income in accordance with the provision of clause (g) of sub section (4C) of section 139 of the Act.

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What changed

The Central Government notifies specified income of the Chandigarh Building and Other Construction Workers Welfare Board under section 10 of the Income-tax Act, 1961. The notification applies to cess proceeds and interest income for the financial years 2015-16 to 2019-20. The board must not engage in commercial activity. The activities and nature of the specified income must remain unchanged. The board must file a return of income under section 139 of the Act.

What you must do

The board files return of income in accordance with the provision of clause (g) of sub section (4C) of section 139 of the Act.

Key dates

Applicable for financial year 2015-16 to 2019-20: Not dated

Who is affected

Chandigarh Building and Other Construction Workers Welfare Board

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Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

Prepared for reading; wording retained from the source.

Official source

2

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(ii)]

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st December, 2016

S.O. 3606(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, the ‘Chandigarh Building and Other Construction Workers Welfare Board’, a board constituted by the Administrator, Union Territory, Chandigarh in respect of the following specified income arising to the said board, as follows :-

(i) Proceeds of the Cess collected under the Building & Other Construction Workers Welfare Cess Act, 1996 (28 of 1996) and rules thereunder.
(ii) Interest income received from investment.

This notification shall be applicable for the above specified income of the Chandigarh Building and Other Construction Workers Welfare Board for the financial year 2015-16 to 2019-20.
The Notification shall be effective subject to the following conditions, namely:-

(a) the ‘Chandigarh Building and Other Construction Workers Welfare Board’ does not engage in any commercial activity;
(b) the activities and the nature of the specified income of ‘Chandigarh Building and Other Construction Workers Welfare Board’ remain unchanged throughout the financial year ; and
(c) the ‘Chandigarh Building and Other Construction Workers Welfare Board’ files return of income in accordance with the provision of clause (g) of sub section (4C) of section 139 of the said Act.

[Notification No. 109/2016/F. No.196/17/2015-ITA.I] DEEPSHIKHA SHARMA, Director

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.

ALOK KUMAR Digitally signed by ALOK KUMAR Date: 2016.12.05 13:57:37 +05'30'

Source details

Official title: notification no. 109/2016/f. no.196/17/2015 ita.i / s.o. 3606 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 01 Dec 2016
Document number: Notification No. 109/2016/F. No.196/17/2015-ITA.I
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Income Tax Exemption for Chandigarh Building Workers Welfare Board

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