Finance Ministry grants S. 10(46) Income Tax Exemption to Delhi Construction Workers Welfare Board [Read Notification]
Finance Ministry grants income tax exemption to Delhi Construction Workers Welfare Board on specified incomes under this Notification
![Finance Ministry grants S. 10(46) Income Tax Exemption to Delhi Construction Workers Welfare Board [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/Finance-Ministry-Income-Tax-Exemption-Workers-Welfare-Board-taxscan.jpg "Finance Ministry grants S. 10(46) Income Tax Exemption to Delhi Construction Workers Welfare Board [Read Notification]")
The Ministry of Finance issued Notification No. 18/2025 dated March 6, 2025, granting income tax exemption to the Delhi Building and Other Construction Workers Welfare Board under Section 10(46) of the Income-tax Act, 1961. The exemption applies to specific sources of income generated by the Board, which is established by the Government of the National Capital Territory ( NCT ) of Delhi for...
The Ministry of Finance issued Notification No. 18/2025 dated March 6, 2025, granting income tax exemption to the Delhi Building and Other Construction Workers Welfare Board under Section 10(46) of the Income-tax Act, 1961. The exemption applies to specific sources of income generated by the Board, which is established by the Government of the National Capital Territory ( NCT ) of Delhi for the welfare of construction workers.
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Scope of Exemption
According to the notification, the following types of income earned by the Board shall be exempt from income tax:
- Cess received
- Registration and renewal fees collected from construction workers
- Interest earned on bank deposits.
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Conditions for Exemption
The exemption is subject to the following conditions:
- The Board must not engage in any commercial activity.
- The nature of the activities and income must remain unchanged throughout the financial years covered.
- The Board must file income tax returns as per the provisions of Section 139(4C)(g) of the Income-tax Act, 1961.
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Retrospective Application
The notification also states that this tax exemption will apply retrospectively for the financial years 2011-12, 2012-13, and 2013-14, covering the assessment years 2012-13, 2013-14, and 2014-15.
The Delhi Building and Other Construction Workers Welfare Board primarily works to provide social security and financial assistance to laborers engaged in construction work across the capital.
To Read the full text of the Notification CLICK HERE
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