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<h1>Income Tax Exemption Under Section 10(46) for Welfare Fund Boards from 2022-23 to 2026-27</h1> The Central Government exempts the specified income of a welfare fund board established under a state Act from income tax under section 10(46) of the Income-tax Act, 1961, effective for assessment years 2022-2023 to 2026-2027. The exemption covers sums received under the relevant state Act, member contributions, and interest earned on bank deposits. Conditions include prohibition of commercial activities, maintaining the nature of specified income and activities, and filing income tax returns as prescribed. The notification applies retrospectively without adversely affecting any person.