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The Central Government notifies the Kerala Headload Workers Welfare Board for income tax exemption under section 10 clause 46 of the Income-tax Act 1961. The exemption applies to specific income streams including government grants, levy collections, registration fees, employer deposits, member contributions, staff and worker loan interest, employer wages, and interest earned on these items. The board must not engage in commercial activity. The activities and nature of specified income must remain unchanged throughout the financial years. The board must file a return of income under section 139 sub-section 4C clause g. This notification applies for the assessment years 2020-2021 through 2024-2025.
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राजाराज\री आर, अवर सिचव MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th April, 2019
S.O. 1539(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, ‘Kerala Headload Workers Welfare Board’, Kochi (PAN AAAJK1176F), a Board constituted by the State Government of Kerala, in respect of the following specified income arising to that Board, namely:—
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[Notification No. 35 /2019/F.No.300196/75/2018-ITA-I] RAJARAJESWARI R., Under Secy.
