U/s 10(46) of IT Act 1961 - Central Government notifies ‘Chhattisgarh Building and Other Construction Workers’ Welfare Board’ a Board constituted by the Government of Chhattisgarh in respect of the specified income arising to that Board - 52/2019 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 52/2019 New Delhi, the 4th July, 2019 S.O. 2378(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, Chhattisgarh Building and Other Construction Workers Welfare Board (PAN AAALC0598F), a Board constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that Board, namely:- (a) Worker s welfare cess; (b) Registration fees; and (c) Interest earned on (a) and (b) above. 2. This notification shall be effective subject to the conditions that Chhattisgarh 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 . 3. This notification shall apply with respect to the assessment year 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024. [F.No. 300196/42/2018-ITA-I] RAJARAJESWARI R., Under Secy.