The CBDT issued Notification No. 18/2025 dated March 06, 2025, granting income tax exemption under Section 10(46) of the Income-tax Act, 1961, to the Delhi Building and Other Construction Workers Welfare Board (PAN: AAAJT1846R). The exemption applies to income from cess received, registration/renewal fees, and interest on bank deposits. The Board must not engage in commercial activities, maintain consistent activities and income nature, and file income returns as per the specified provisions. This exemption is applicable for assessment years 2012-13, 2013-14, and 2014-15.
“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, ‘The Delhi Building and Other Construction Workers Welfare Board’ (PAN: AAAJT1846R), a Board established by Government of National Capital Territory of Delhi, 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; and
(c) Interest on bank deposits.
This notification shall be effective subject to the conditions that The Delhi 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 provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
This notification shall be deemed to have been applied for the assessment years 2012-13, 2013-14 and 2014-15 relevant to the financial years 2011-12, 2012-13 and 2013-14.”
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/03/CBDT-NN_06.03.2025.pdf
