U/s 10(46) of IT Act 1961 - Central Government notifies ‘Haryana Building and Other Construction Workers Welfare Board’ in respect of the specified income arising to that Board. - 78/2021 - Income Tax Act, 1961
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Tax exemption notification: specified income of Haryana Building and Other Construction Workers Welfare Board exempted subject to compliance conditions. Notification under clause (46) of section 10 notifies the Haryana Building and Other Construction Workers Welfare Board as recipient of tax-exempt specified income: registration fees and yearly subscriptions from registered construction workers, proceeds of cess under the Building & Other Construction Workers Welfare Cess Act, and interest income. The exemption is subject to conditions that the Board shall not engage in commercial activity, shall maintain unchanged activities and income nature across financial years, shall file returns under clause (g) of sub-section (4C) of section 139, and shall file an audit report with a chartered accountant's certificate as provided in the explanation to section 288(2).
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 notification: specified income of Haryana Building and Other Construction Workers Welfare Board exempted subject to compliance conditions.
Notification under clause (46) of section 10 notifies the Haryana Building and Other Construction Workers Welfare Board as recipient of tax-exempt specified income: registration fees and yearly subscriptions from registered construction workers, proceeds of cess under the Building & Other Construction Workers Welfare Cess Act, and interest income. The exemption is subject to conditions that the Board shall not engage in commercial activity, shall maintain unchanged activities and income nature across financial years, shall file returns under clause (g) of sub-section (4C) of section 139, and shall file an audit report with a chartered accountant's certificate as provided in the explanation to section 288(2).
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