This notification, S.O. 3564(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on November 9, 2017, grants income tax exemption under clause 46 of section 10 of the Income-tax Act, 1961 to the Telangana Building and Other Construction Workers Welfare Board. The exemption applies to the following specified income: (a) Cess received; (b) Registration and renewal fee collection from building and other construction workers; and (c) Interest received on deposits.
The notification is subject to the conditions that the Board (a) shall not engage in any commercial activity; (b) its 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.
This notification is applicable for the financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021 and 2021-2022. The notification number is 95/2017(F. No. 300196/23/2017-ITAI).
Key Entities Referenced
Ministry of Finance: A department of the Government of India.
Central Board of Direct Taxes: An organization under the Department of Revenue, Ministry of Finance.
Income-tax Act, 1961: An act of the Parliament of India.
Telangana Building and Other Construction Workers Welfare Board: A board established by the Government of Telangana.
Government of Telangana: The state government of Telangana, India.
New Delhi: The capital of India.
Department of Revenue: A department under the Ministry of Finance.
Kartika: Month in Hindu calendar.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 3124] ubZ fnYyh] c`gLifrokj] uoEcj 9] 2017@dk£rd 18] 1939
No. 3124] NEW DELHI, THURSDAY, NOVEMBER 9, 2017/KARTIKA 18, 1939
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)(cid:8)(cid:8)ंंंं ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग))))
((((कककक(cid:9)(cid:9)(cid:9)(cid:9)(cid:10)(cid:10)(cid:10)(cid:10)ीीीीयययय (cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)यययय(cid:15)(cid:15)(cid:15)(cid:15) ककककरररर बबबबोोोोडडडड))(cid:19)(cid:19)))(cid:19)(cid:19)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 9 नव(cid:11) बर, 2017
ककककाााा....आआआआ.... 3333555566664444((((अअअअ))))....————क(cid:14)(cid:15) सरकार, आयकर अिधिनयम, 1961 (1961 का 43) क(cid:31) धारा 10 के खंड (46) "ारा #द$
शि&य’ का #योग करत े +ए, उ& खंड के #योजन’ के िलए तेलंगाना सरकार "ारा ग3ठत बोड,5 “तेलंगाना िब6(cid:6)डगं और अ8य
िनमा5ण वक5र क(cid:6)याण बोड”5 को, उसे होन ेवाली िन; िविश< आय के संबंध म(cid:14) एतद"् ारा अिधसूिचत करती ह,ै यथा:—
(क) #ाA उपकर;
(ख) िब6(cid:6)डगं और अ8य िनमाण5 वक5र’ से संCिहत पंजीकरण और नवीकरण फ(cid:31)स;
(ग) जमा रािश पर #ाA Eयाज।
2. यह अिधसूचना इस शत 5पर लागू होगी (cid:4)क तले ंगाना िब6(cid:6)डगं और अ8य िनमा5ण वक5र क(cid:6)याण बोड;5-
(क) (cid:4)कसी अ8य वािणिGयक गितिविध म(cid:14) शािमल नहH होगा;
(ख) िव$ीय वष 5म(cid:14) िविनJद<5 आय क(cid:31) #कृित व गितिविध अप3रवत5नीय रहगे ी; और
(ग) यह आयकर अिधिनयम क(cid:31) धारा 139 क(cid:31) उपधारा (4ग) के खंड (छ) के #ावधान’ के अनसु ार आयकर
िववरणी दािखल करेगा।
3. यह अिधसूचना िव$ वष 5 2017-2018, 2018-2019, 2019-2020, 2020-2021 एवं 2021-2022 के संबंध म (cid:14)
लाग ूहोगी।
[अिधसूचना स.ं 95/2017/फा. सं. 300196/23/2017-आईटीए-I]
दीपिशखा शमा,5 िनदशे क
6619 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
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
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.