Submit your Requirement

Find expert near you


Register as Expert?

CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ for exemption U/s. 10(46)


CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ for exemption U/s. 10(46)

298 views

Share

CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ for exemption U/s. 10(46)

S.O. 3629(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, ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ (PAN AAAJK1244Q), a Board constituted by the Government of Kerala, in respect of the following specified income arising to that Board, namely:—

(a) Government grant received for Scheme and Non Scheme Pension;

(b) Contributions received from Employees and Employers;

(c) Registration Fees;

(d) Passbook charges collected;

(e) Cost of duplicate identity card issued;

(f) Fine collected; and

(g) Interest earned on (a) to (f) above.

2. This notification shall be effective subject to the conditions that Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund 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 apply with respect to the assessment years 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

Read more and Download Notification No Notification No. 78/2019

CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’-20191014081416.pdf

Sharing is way to say thanks to author


Comments

There are currently no comments on this topic. Be the first one to comment.


to post comment