notification no. 65/2025 f. no. 300196/4/2019 ita i / s.o. 2739 e · 19 Jun 2025

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th June, 2025

S.O. 2739(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 Toddy Workers’ Welfare Fund Board’ (PAN: AACFK9819K), a Board established under the Kerala Toddy Workers’ Welfare Fund Act, 1969 (Kerala Act No. 22 of 1969), in respect of the following specified income arising to the said Board, namely:

• (a) all sums received under Kerala Toddy Workers’ Welfare Fund Act, 1969 (Kerala Act No. 22 of 1969);
• (b) contribution from the members as defined in clause (b) of section 2 of the Kerala Toddy Workers’ Welfare Fund Act, 1969 (Kerala Act No. 22 of 1969);
• (c) interest earned on bank deposits.

2. This notification shall be effective subject to the conditions that ‘Kerala Toddy Workers’ Welfare Fund 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 provision 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 assessment years 2022-2023 to 2025-2026 relevant for the financial years 2021-2022 to 2024-2025 and shall be applicable for assessment year 2026-2027 relevant for the financial year 2025-2026.

[Notification No. 65/2025/F. No. 300196/4/2019-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.

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