MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 9th November, 2017
S.O. 3564(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, ‘Telangana Building and Other Construction Workers Welfare Board’, a board established by the Government of Telangana, in respect of the following specified income arising to that board, namely:—
(a) Cess received;
(b) Registration and renewal fee collection from the Building and other construction workers; and
(c) Interest received on deposits.
2. This notification shall be effective subject to the conditions that Telangana 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 be applicable for the financial years 2017-2018, 2018-2019, 2019-2020, 2020- 2021 and 2021-2022.
[Notification No. 95/2017/F. No. 300196/23/2017-ITA-I]
DEEPSHIKHA SHARMA, Director
CAclubindia
Guest
Notification No : 95/2017Published in Income Tax
Source : https://www.caclubindia.com/notice_circulars/files/43007578620171115000102.pdf