Govt notifies ‘West Bengal Unorganised Sector Workers Welfare Board’, Kolkata

Print Friendly, PDF & Email

U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘West Bengal Unorganised Sector Workers Welfare Board’, Kolkata, a board constituted by the Government of West Bengal, in respect of the specified income arising to that board – Income Tax

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.

Income Tax Notification PDF Format – Download Here

DON’T MISS OUT!
Free Newsletter!
SIGN UP FOR FREE NEWSLETTER Daily Updates by email Don't forget to click on the confirmation link in your email Inbox!
Give it a try, you can unsubscribe anytime.

Related Information

DON’T MISS OUT!
Free Newsletter!
SIGN UP FOR FREE NEWSLETTER Daily Updates by email Don't forget to click on the confirmation link in your email Inbox!
Give it a try, you can unsubscribe anytime.
close-link