Tax exemption for transport workers' social security scheme: specified non commercial receipts exempt subject to activity and filing conditions. Exemption is granted to West Bengal Transport Workers' Social Security Scheme for specified receipts-government grants; cess under the West Bengal Motor Transport Workers' Welfare Cess Act and rules; registration fees from beneficiaries; and interest on bank deposits-subject to conditions that the scheme shall not undertake commercial activity, shall maintain unchanged activities and the nature of specified income across financial years, and shall file its return of income as required by the Income-tax Act. The notification applies retrospectively to certain assessment years and prospectively to specified future assessment 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 transport workers' social security scheme: specified non commercial receipts exempt subject to activity and filing conditions.
Exemption is granted to West Bengal Transport Workers' Social Security Scheme for specified receipts-government grants; cess under the West Bengal Motor Transport Workers' Welfare Cess Act and rules; registration fees from beneficiaries; and interest on bank deposits-subject to conditions that the scheme shall not undertake commercial activity, shall maintain unchanged activities and the nature of specified income across financial years, and shall file its return of income as required by the Income-tax Act. The notification applies retrospectively to certain assessment years and prospectively to specified future assessment years.
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