Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 10(46) of Income Tax Act, 1961 in the case of Puducherry Building and Other Construction Workers Welfare Board

Issue Date: 22 July 2025 Published: 22 July 2025

Gazette ID: CG-DL-E-22072025-264891 Download PDF

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Core Purpose

The Central Government notifies the 'Puducherry Building and Other Construction Workers Welfare Board' for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961, for specific types of income.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, issued Notification S.O. 3364(E) on July 22, 2025, in New Delhi, exercising powers under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961). This notification designates the 'Puducherry Building and Other Construction Workers Welfare Board' (PAN: AABAP7098M), a board constituted by the Government of Union Territory of Puducherry, for income tax exemption. The specified income includes cess received, registration and renewal fees received/collected from Building and other Construction Workers, and interest received on bank deposits. The exemption is conditional upon the Board not engaging in any commercial activity, its activities and the nature of specified income remaining unchanged throughout the financial years, and the Board filing a return of income in accordance with the proviso of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. This notification (No. 123/2025/F. No. 300196/14/2024-ITA-I) is deemed to have applied for financial years 2023-2024 and 2024-2025 (relevant to assessment years 2024-25 and 2025-26) and will also apply for financial years 2025-2026, 2026-2027, and 2027-2028 (relevant to assessment years 2026-2027, 2027-2028, and 2028-2029). An explanatory memorandum certifies that no person is adversely affected by its retrospective effect.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-22072025-264891 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3291] NEW DELHI, TUESDAY, JULY 22, 2025/ASHADHA 31, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd July, 2025 (Income-Tax) S.O. 3364(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, 'Puducherry Building and Other Construction Workers Welfare Board' (PAN: AABAP7098M), a Board constituted by Government of Union Territory of Puducherry, in respect of the following specified income arising to that Board, namely:- (a) Cess received, (b) Registration & Renewal fee received/collected from the Building and other Construction Workers (c) Interest received on bank deposits 2. This notification shall be effective subject to the conditions that “Puducherry Building and Other Contraction 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 proviso 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 financial years 2023-2024, 2024-2025 relevant to assessment year 2024-25, 2025-26 and shall also apply with respect to financial year 2025-2026, 2026-2027 and 2027- 2028 relevant to assessment year 2026-2027, 2027-2028 and 2028-2029. [Notification No. 123/2025/F. No. 300196/14/2024-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. SARVESH KUMAR SRIVASTAVA

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