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