Income Tax Exemption for Chandigarh Building and Other Construction Workers Welfare Board
- Document
- Notification Notification No. 44/2026
- Effective
- Assessment years 2024-25 to 2025-26 (financial years 2023-24 to 2024-25) and 2026-27 to 2028-29 (financial years 2025-26
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification 44/2026 confirms that the Chandigarh Building and Other Construction Workers Welfare Board is exempt from paying income tax on specific earnings. This document exists to clarify the tax status of the Board for the financial years 2023-24 through 2028-29.
What has changed
How it worked before
Previously, there was no specific notification under section 10(46) of the Income-tax Act, which covers income exempt from tax, confirming the tax-free status for this specific Board. The Board operated without this formal government exemption for its specific income streams.
What has changed
The government has now officially exempted the Board from paying income tax on money collected from cess, beneficiary contributions, and bank interest. This means the Board does not have to pay tax on these specific funds, provided they do not engage in commercial business activities.
Who this affects
This notification applies exclusively to the Chandigarh Building and Other Construction Workers Welfare Board. It does not affect individual construction workers or other private businesses.
What you should do
The Board must continue to file its income tax returns as required by section 139(4C)(g), which outlines filing rules for charitable or welfare institutions. They must also ensure they do not start any commercial activities, as this would disqualify them from the tax exemption.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 44/2026 |
| Full title | Notification No. 44/2026 |
| Effective | Assessment years 2024-25 to 2025-26 (financial years 2023-24 to 2024-25) and 2026-27 to 2028-29 (financial years 2025-26 |
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