Monday, 27 September 2021 03:46 AM IST

Section 10(46) exemption to Haryana Building and Other Construction Workers Welfare Board

(Department of Revenue)
New Delhi

Notification No. 78/2021-Income Tax | Dated:  9th July, 2021
S.O. 2774(E). In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Haryana Building and Other Construction Workers Welfare Board’ (PAN AAATH6995H), a Board constituted by the State Government of Haryana, in respect of the following specified income arising to that Board, namely:

(a) Registration fees and yearly subscription collected from Construction Workers registered with the Haryana Building and Other Construction Workers Welfare Board as beneficiaries;

(b) Proceeds of the cess collected under the Building & Other Construction Workers Welfare Cess Act, 1996 (28 of 1996) and rules there under; and

(c) Interest income received from investment.

2. This notification shall be effective subject to the conditions that Haryana Building and Other Construction
Workers Welfare Board,

(a) shall not engage in any commercial activity;

(b) 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 provision of clause (g) of sub-section (4C) of
section 139 of the Income-tax Act, 1961.

(d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.

3. This notification shall be deemed to be applied for the period from 01-06-2020 to 31-03-2021 in the financial
year 2020-2021 and shall apply from the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-202 5.

[Notification No. 78 /2021/F.No.3001 96/5/201 8-ITA-I]

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to thi