Notification under the clause (46) of Section 10 of Income-tax Act, 1961 (dated -10.11.2021) – CBDT.
Assam Building and Other Construction Workers Welfare Board’ (PAN AAAJA2255M), a Board constituted by the State Government of Assam, in respect of the following specified income arising to that Board, namely:-
Labour cess received;
Beneficiaries registration fees;
Capital gain on sale/redemption of investments; and
Interest income earned on (a) to (b) above.
This notification shall be effective subject to the conditions that Assam Building and Other Construction Workers Welfare Board, –
Shall not engage in any commercial activity;
Activities and the nature of the specified income shall remain unchanged throughout the financial years; and
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.