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The Central Government notifies the Telangana Building and Other Construction Workers Welfare Board for income tax exemption under section 10 clause 46 of the Income-tax Act 1961. The exemption applies to specific income sources including cess, registration and renewal fees, and interest on deposits. The board must not engage in commercial activity. The activities and nature of the 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. The notification applies for the financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021, and 2021-2022.
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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 9th November, 2017 S.O. 3564(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, ‘Telangana Building and Other Construction Workers Welfare Board’, a board established by the Government of Telangana, in respect of the following specified income arising to that board, namely:— (a) Cess received; (b) Registration and renewal fee collection from the Building and other construction workers; and (c) Interest received on deposits. 2. This notification shall be effective subject to the conditions that Telangana Building and Other Construction Workers Welfare Board,—
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. RAKESH SUKUL Digitally signed by RAKESH SUKUL Date: 2017.11.10 22:36:09 +05'30'
