CBDT exempts income of Chhattisgarh Building and Other Construction Workers’ Welfare Board
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 52/2019
New Delhi, the 4th July, 2019
S.O. 2378(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, ‘Chhattisgarh Building and Other Construction Workers’ Welfare Board’ (PAN AAALC0598F), a Board constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that Board, namely:-
(a) Worker’s welfare cess;
(b) Registration fees; and
(c) Interest earned on (a) and (b) above.
2. This notification shall be effective subject to the conditions that Chhattisgarh Building and Other Construction Workers’ Welfare 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 apply with respect to the assessment year 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024.
[F.No. 300196/42/2018-ITA-I]
RAJARAJESWARI R., Under Secy
