Delhi Building and Construction Workers Welfare Board gets tax exemption under section 10(46) for cess, fees, and interest income.

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Full Text of the Document

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....The CBDT has notified "The Delhi Building and Other Construction Workers Welfare Board" for exemption under section 10(46) of the Income-tax Act, 1961. The specified exempt 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 shall not engage in commercial activities, maintain unchanged activities and income nature, and file returns per section 139(4C)(g). This notification applies retrospectively to assessment years 2012-13, 2013-14, and 2014-15, corresponding to financial years 2011-12, 2012-13, and 2013-14.....