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<h1>Chandigarh Construction Workers Welfare Board Gains Tax Exemption u/s 10(46) for Specified Income Until 2024.</h1> The Central Government has notified the 'Chandigarh Building and Other Construction Workers Welfare Board, Chandigarh' under Section 10(46) of the Income-tax Act, 1961, exempting specified income from taxation. The exempted income includes proceeds from the Cess collected under the Building & Other Construction Workers Welfare Cess Act, contributions and registration fees from beneficiaries, and interest earned on these amounts. The exemption is subject to conditions that the Board does not engage in commercial activities, maintains the nature of specified income, and files tax returns as required. This notification applies retrospectively for assessment years 2021-2022 to 2023-2024.