The notification grants income tax exemption to 'Chandigarh Building and Other Construction Workers Welfare Board, Chandigarh' on specified income, under Section 10(46) of the Income-tax Act, 1961.
Key Changes
Exemption is granted on income arising from:
Proceeds of cess collected under the Building & Other Construction Workers Welfare Cess Act, 1996.
Contribution and registration fees paid under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996.
Interest earned on the above.
The exemption is subject to the conditions that the board:
Does not engage in any commercial activity.
Maintains the unchanged nature of activities and specified income throughout the financial years.
Files income tax returns as per Section 139(4C)(g) of the Income-tax Act, 1961.
The notification is applied retrospectively for assessment years 2021-2022 to 2023-2024, relevant to financial years 2020-2021 to 2022-2023.
Impact Analysis
Chandigarh Building and Other Construction Workers Welfare Board
Action Item: Ensure compliance with the conditions stipulated in the notification, including refraining from commercial activities and filing income tax returns.
Beneficiaries (Construction Workers)
No direct action required.
Government (Tax Revenue)
No direct action required.
Key Entities Referenced
Chandigarh Building and Other Construction Workers Welfare Board, Chandigarh: A board constituted by the Administrator, Union territory, Chandigarh, responsible for the welfare of construction workers.
Income-tax Act, 1961: The principal act governing income tax in India. Section 10(46) provides for exemption of income of specified bodies.
Building & Other Construction Workers Welfare Cess Act, 1996: An act providing for the levy and collection of a cess on construction costs to fund welfare activities for construction workers.
Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996: An act to regulate the employment and conditions of service of building and other construction workers.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एxलx.x-GअID.-H1x0x0x8 2023-247999
CG-DLxx-xEG-I1D0E0x8x2x0 23-247999
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3426] नई दिल्ली, बृहस्ट्प जतिार, अगस्ट्त 10, 2023/श्रािण 19, 1945
No. 3426] NEW DELHI, THURSDAY, AUGUST 10 , 2023/SHRAVANA 19, 1945
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 10 अगस्ट्त, 2023
का.आ. 3580(अ).—केन्द्द्र सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड(46) द्वारा
प्रित्त िजियों का प्रयोग करते हुए, ‘चंडीगढ भिन एिं अन्द्य जनमाडण कायड श्रजमक कल्याण बोड,ड चडं ीगढ़
(पैनः-AAALC0595J)’, प्रिासक, संघ राज्य क्षेत्र, चडं ीगढ द्वार गठित एक बोड,ड उस बोडड को उद्भूत होने िाली
जनम्नजलजखत जिजनर्िष्टड आय के संबंध में, उि खडं के प्रयोिनार्ड अजधसूजचत करती ह,ै अर्ाडत्:-
(क) भिन एिं अन्द्य जनमाडण कायड श्रजमक कल्याण उपकर अजधजनयम, 1996 (1996 का 28) और इसके
अंतगतड बनाई गई जनयमािली के तहत एकजत्रत उपकर की आय;
(ख) भिन एिं अन्द्य जनमाडण काय ड श्रजमक (रोिगार और सेिा की ितों का जिजनयमन) अजधजनयम, 1996
(1996 का 28) और इसके अतं गडत बनाई गई जनयमािली के तहत भगु तान दकया गया अंििान और
पंिीकरण िुल्क; और
(ग) उपयुडि (क) और (ख) पर अर्ितड ब्याि।
2. यह अजधसूचना जनम्नजलजखत के अध्यधीन प्रभािी होगी दक चंडीगढ भिन एिं अन्द्य जनमाडण कायड श्रजमक कल्याण
बोडड, चडं ीगढ़:-
5164 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(क) दकसी व्यािसाजयक कायडकलाप में जलप्त नहीं होगा;
(ख) जित्तीय िर्षों के िौरान कायडकलापों तर्ा जिजनर्िष्टड आय की प्रकृजत अपठरिर्ततड रहगे ी; और
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उप-धारा (4ग) के खंड (छ) के प्रािधान के अनुसार
आयकर जििरणी फाइल करेगा।
3. यह अजधसूचना जनधाडरण िर्षों 2021-2022 से 2023-2024 के जलए लाग ू की गई मानी िाएगी और जित्तीय िर्षों
क्रमि: 2020-2021 से 2022-2023 तक के जलए संगत होगी।
[अजधसूचना सं. 59 /2023 फा.सं. 300196/17/2020-आईटीए-I]
जिकास ससंह, जनिेिक (आईटीए-I)
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी व्यजि पर कोई प्रजतकूल प्रभाि नहीं पड़
रहा ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 10th August, 2023
S.O. 3580(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, ‘Chandigarh Building and
Other Construction Workers Welfare Board, Chandigarh’(PAN AALC0595J), a Board constituted by the
Administrator, Union territory, Chandigarh, in respect of the following specified income arising to the said Board, as
follows:
(a) Proceeds of the Cess collected under the Building & Other Construction Workers Welfare Cess
Act, 1996 (28 of 1996) and rules made thereunder;
(b) Contribution and registration fees paid by the Beneficiaries under the Building and Other
Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 and rules
made thereunder; and
(c) Interest earned on (a) & (b) above.
2. This notification shall be effective subject to the conditions that Chandigarh Building and Other Construction
Workers Welfare Board, Chandigarh -
(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 deemed to have been applied for assessment years 2021-2022 to 2023-2024
relevant for the financial years 2020-2021 to 2022-2023 respectively.
[Notification No. 59 /2023 F. No. 300196/17/2020-ITA-I]
VIKAS SINGH, Director (ITA-I)
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.