This notification, S.O. 3853(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on August 22, 2025, grants an exemption under clause 46 of section 10 of the Income-tax Act, 1961 to the Karnataka State Building and Other Construction Workers Welfare Board (PAN AAALK0820C).
The exemption applies to the following specified income:
* Grants received from the Central Government.
* Sums received from other sources as decided by the Central Government.
* Cess collected on construction cost levied under section 3 of the Building and Other Construction Workers Welfare Cess Act, 1996.
* Registration fees and annual subscriptions received from establishments.
* Interest earned on bank deposits.
This notification is subject to the conditions that the Board:
* Shall not engage in any commercial activity.
* The activities and the nature of the specified income shall remain unchanged throughout the financial years.
* Shall file return of income as per clause (g) of subsection (4C) of section 139 of the Income-tax Act, 1961.
The notification is applicable for assessment years 2026-2027 to 2030-2031, relevant to financial years 2025-2026 to 2029-2030.
The notification number is 138/2025F and the file number is 300196/87/2024-ITAI.
The issuing authority is Meenakshi Singh, Dy. Secy.
Key Entities Referenced
Income-tax Act, 1961: A law that empowers the Central Government to notify entities for tax exemptions under Section 10, Clause 46.
Central Government: The governing authority responsible for notifying tax exemptions.
Karnataka State Building Other Construction Workers Welfare Board: A board constituted by the Government of Karnataka, PAN AAALK0820C, that is the recipient of the tax exemption.
Government of Karnataka: The state government that established the Karnataka State Building Other Construction Workers Welfare Board.
Building and Other Construction Workers Welfare Cess Act, 1996: A law that provides for the levy and collection of a cess on construction costs to fund the welfare of building and other construction workers.
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes: The government body responsible for issuing the notification.
Section 139 of the Incometax Act, 1961: Specifies the provision for filing return of income.
New Delhi: Location of the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3748] नई दिल्ली, िुक्रिार, अगस्ट्त 22, 2025/श्रािण 31, 1947
No. 3748] NEW DELHI, FRIDAY, AUGUST 22, 2025/SHRAVANA 31, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 22 अगस्ट् त, 2025
का.आ. 3853(अ).— केन्द्र सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खडं (46) द्वारा
प्रित्त िजियों का प्रयोग करत े हुए, एतद्द्वारा, उि खंड के प्रयोिनों के जलए, कनाडटक सरकार द्वारा गठित एक बोड ड 'कनाडटक
राज्य भिन एिं अन्द्य जनमाडण श्रजमक कल्याण बोडड' (पनै AAALK0820C) को, उि बोडड को होने िाली जनम्नजलजखत संबंजधत
आय के संबंध में जनम्नानुसार अजधसूजचत करती है:
(क) केंर सरकार से प्राप्त अनुिान;
(ख) केंर सरकार द्वारा जनधाडठरत अन्द्य स्रोतों से प्राप्त राजि;
(ग) भिन एिं अन्द्य जनमाणड श्रजमक कल्याण उपकर अजधजनयम, 1996 की धारा 3(1) के अंतगतड जनमाडण लागत पर
एकजत्रत उपकर;
(घ) प्रजतष्ठानों से प्राप्त पंिीकरण िल्ु क और िार्षडक अंििान; और
(ङ) उपरोि (क) से (घ) पर अर्िडत ब्याि।
5611 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना इन ितों के अधीन प्रभािी होगी दक 'कनाडटक भिन एिं अन्द्य जनमाणड श्रजमक कल्याण बोडड' -
(क) दकसी भी व्यािसाजयक गजतजिजध में संलग्न नहीं होगा;
(ख) गजतजिजधयााँ और संबंजधत आय की प्रकृजत पूरे जित्तीय िषड में अपठरिर्ततड रहगे ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4ग) के खंड (छ) के प्रािधान के अनुसार आयकर ठरटन ड
िाजखल करेगा।
3. यह अजधसूचना जित्तीय िषड 2025-2026 से 2029-2030 तक संबंजधत कर जनधारड ण िष ड2026-2027 से 2030-2031
के जलए लाग ूहोगी।
[अधिसूचना स.ं 138/2025/फा. स.ं 300196/87/2024-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने स ेदकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd August, 2025
S.O. 3853(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, “Karnataka State Building &
Other Construction Workers’ Welfare Board” (PAN AAALK0820C)’, a board constituted by Government of Karnataka,
in respect of the following specified income arising to the said board, as follows:
(a) Grants received from the Central Government;
(b) Sums received from such other sources decided by the Central Government;
(c) Cess collected on construction cost levied u/s 3(1) of the Building and Other Construction Worders’ Welfare
Cess Act, 1996;
(d) Registration fee and annual subscriptions received from the establishments; and
(e) Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that ‘Karnataka Building & 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 assessment year 2026-2027 to 2030-2031 relevant to financial year
2025-2026 to 2029-2030.
[Notification No. 138 /2025/F. No. 300196/87/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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.