U/s 10(46) of IT Act 1961 - Central Government notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ a Board constituted by the Government of Kerala in respect of the specified income arising to that Board - 78/2019 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 78/2019 New Delhi, the 9th October, 2019 S.O. 3629(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, Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers Welfare Fund Board (PAN AAAJK1244Q), a Board constituted by the Government of Kerala, in respect of the following specified income arising to that Board, namely:- (a) Government grant received for Scheme and Non Scheme Pension; (b) Contributions received from Employees and Employers; (c) Registration Fees; (d) Passbook charges collected; (e) Cost of duplicate identity card issued; (f) Fine collected; and (g) Interest earned on (a) to (f) above. 2. This notification shall be effective subject to the conditions that Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers Welfare Fund 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 years 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025. [F. No. 300196/46/2019-ITA-I] PRAJNA PARAMITA, Director