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<h1>Income Tax Exemption for Welfare Board Income Under Section 10(46) From 2019-20 to 2023-24</h1> The Central Government exempts the specified income of a state welfare board constituted for building and construction workers from income tax under section 10(46) of the Income-tax Act, 1961. The exempted income includes cess received, registration and renewal fees collected from workers, and interest on bank deposits. The exemption is subject to conditions that the board does not engage in commercial activities, maintains the nature of specified income unchanged, and files income tax returns as prescribed. This notification applies retrospectively from assessment years 2019-2020 to 2023-2024. No adverse effect on any person is certified due to the retrospective application.