Section 10(46) of the Income-tax Act, 1961 – Central Government notifies 'Kerala Abkari Workers Welfare Fund Board', established by the Government of Kerala, in respect of the certain specified income arising to the said Board - 67/2015 - Income Tax Act, 1961
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Tax exemption for welfare board: contributions and bank interest exempt subject to non-commercial activity, return filing and unchanged activities. Notification under section 10(46) recognises the Kerala Abkari Workers Welfare Fund Board's exemption for specified income comprising employer and employee contributions and interest on bank deposits, subject to conditions that the Board shall not undertake commercial activity, shall file returns as per clause (g) of sub-section (4C) of section 139, and shall keep its activities and the nature of the specified income unchanged throughout the applicable financial years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for welfare board: contributions and bank interest exempt subject to non-commercial activity, return filing and unchanged activities.
Notification under section 10(46) recognises the Kerala Abkari Workers Welfare Fund Board's exemption for specified income comprising employer and employee contributions and interest on bank deposits, subject to conditions that the Board shall not undertake commercial activity, shall file returns as per clause (g) of sub-section (4C) of section 139, and shall keep its activities and the nature of the specified income unchanged throughout the applicable financial years.
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