Granting Tax Exemption to Kerala Headload Workers Welfare Board, Kochi in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025

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....CT TAXES) NOTIFICATION NO. 95/2026 New Delhi, the 23rd July, 2026 S.O. 4047(E).- Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government in the Official Gazette for the purposes of that section; And whereas, the Income-tax....

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....ply to any proceeding pending on the date of commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1st April, 2026 (including notices, assessment, reassessment, re-computation, rectification, penalty, reference, revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings shall be carried out as per the ....

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.... of Kerala, in respect of the following specified income arising to that board, namely:- (a) Amount received in the form of grants-in-aid and loan from Government; (b) Levy collected under the Kerala Headload Workers Act, 1978 (20 of 1980), Kerala Headload Workers rules 1981 and schemes there under; (c) Registration fees collected from members registered with the board a....

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....his notification shall be effective subject to the conditions that Kerala Headload Workers Welfare Board, Kochi- (a) shall not engage in any commercial activity; (b) its activities and the nature of the specified income shall remain unchanged throughout the financial years; and (c) shall file return of income in accordance with the provisions of 139(4C)(g) of the Act of ....