The Central Government has granted income tax exemption to the Haryana Building and Other Construction Workers Welfare Board in Panchkula. This exemption applies to registration fees, yearly subscriptions from registered construction workers, proceeds from cess collected under the relevant Act, and interest income from bank deposits. The exemption is effective from the financial years 2025-26 to 2029-30, provided the board meets certain conditions, including not engaging in commercial activities and filing income tax returns.
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 7th November, 2025
S.O. 5060(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, Panchkula, (PAN: AAATH6995H) a Board constituted by the State Government of Haryana, in respect of the following specifi
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1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
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FAQ :
This notification grants income tax exemption to the Haryana Building and Other Construction Workers Welfare Board, Panchkula, under Section 10(46) of the Income-tax Act, 1961.
The exemption covers registration fees and yearly subscriptions from construction workers, proceeds of cess collected under the Building and Other Construction Workers Welfare Cess Act, 1996, and interest income from bank deposits.
The Haryana Building and Other Construction Workers Welfare Board must not engage in any commercial activity, its activities and income nature must remain unchanged, and it must file its income tax return as per the Income-tax Act.
This notification is applicable from the financial years 2025-26 to 2029-30, which corresponds to assessment years 2026-27 to 2030-31.
This notification was issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
Source : https://egazette.gov.in/(S(5y24g4ufn2do2hm10uuza1nr))/ViewPDF.aspx