Central Government hereby notifies for exemption U/s. 10(46), ‘West Bengal Unorganised Sector Workers Welfare Board’, Kolkata, a board constituted by the Government of West Bengal vide Notification No. 69/2018 Dated : 22nd October, 2018.
MINISTRY OF FINANCE
Department of Revenue
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No. 69/2018
New Delhi, the 22nd October, 2018
S.O. 5366(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 Unorganised Sector Workers Welfare Board’, Kolkata, a board constituted by the Government of West Bengal, in respect of the following specified income arising to that board, namely:—
(a) Grant-in-Aid received from Government;
(b) Registration fee and Monthly/yearly Subscription collected from the registered workers; and
(c) Interst earned on (a) and (b) above.
2. This notification shall be effective subject to the conditions that West Bengal Unorganised Sector Workers Welfare Board, Kolkata,-
(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 the assessment year 2018-2019 and shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022 and 2022-23.
[Notification No. 69/2018/F.No. 300196/38/2018-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.
