Secretary Labour and Employment Govt of India Kindly Issue of Directions to all the States & Union Territories BOCW Welfare Boards to get exemption under section-10 Clause-46 of Income Tax act in the interest of BOC Workers cess fund.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

NOTIFICATION No. 30/2015

New Delhi, Dated- 24th March, 2015

S.O. (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”, a Board constituted by the Government of Chhattisgarh in respect of the following specified income arising to that Board, namely:-
(a)    workers welfare cess;
(b)   interest income; and
(c) registration fee.
2. This notification shall be applicable for the financial years 2013-14 to 2017-18.
3.    The notification shall be effective subject to the conditions that Chhattisgarh Building and Other Construction Workers’ Welfare Board‑
(a)    does not engage in any commercial activity;
(b)   its activities and the nature of the specified income remain unchanged throughout the financial years; and
(c) It files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the said Act.
[Notification No. 30/2015 F.No.196/06/2014-ITA.I]
DEEPSHIKHA SHARMA
Director to the Government of India

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

Notification No. 89/2014

New Delhi, the 23 December, 2014

S.O.  (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, ‘West Bengal Building and Other Construction Workers Welfare Board’, a body constituted by the Government of West Bengal  in respect of the following specified income arising to that body, namely:-

(a) cess collected under the Building and Other construction Workers Welfare Cess Act, 1996 (28 of 1996) and the rules there under;

(b) registration fees and yearly subscription collected from construction workers registered with the Board as beneficiaries;

(c) amount received in the form of grants-in-aid and loan from Government;

(d) interest income received from investment.

2. This notification shall be applicable for the financial years 2011-2012 to 2015-2016.

3. The notification shall be subject to the conditions that the West Bengal Building and Other Construction Workers Welfare Board:-

(a) shall not engage in any commercial activity;

(b) its activities and the nature of the specified income remain unchanged throughout the  financial year; and

(c) files return of income in accordance with the provision of clause (g) of sub-section (4C)  section 139 of the said Act.

[F. No. 196/17/2012-ITA.I]

 (Deepshikha Sharma)

Director to the Govt. of India

Posted by Amit Chopra