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