Laws and sections by number or title, due dates, pages, and updates.
The Central Government notifies specified income of the Punjab Building & Other Construction Workers Welfare Board under section 10 of the Income-tax Act, 1961. The specified income includes labour cess collection and interest income on deposits. The notification applies for the financial years 2016-17 to 2020-21. The Board must not engage in any commercial activity. The activities and nature of the specified income must remain unchanged throughout the financial years. The Board must file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.
What you must do
Key dates
Law this touches
Who is affected
Ask about this notification
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 24th January, 2017 S.O. 245(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 for the said clause, Punjab Building & Other Construction Workers Welfare Board, constituted by the Government of Punjab, in respect of the following specified income arising to that Board, namely:—
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. SARVESH KUMAR SRIVASTAVA Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2017.01.25 22:30:12 +05'30'
