Income Tax: CBDT Notifies Puducherry Building and Other Construction Workers Welfare Board for Exemption u/s 10(46)

Income Tax: CBDT Notifies Puducherry Building and Other Construction Workers Welfare Board for Exemption u/s 10(46)

On July 22, 2025, the Central Board of Direct Taxes (CBDT) shares a notification with the Puducherry Building and Other Construction Workers Welfare Board for the purpose of Income Tax Exemption under section 10 clause (46) of the Income Tax Act, 1961.

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Puducherry Building and Territory of Puducherry is a Board incorporated by Government of the Union Territory of Puducherry. If the Board earns revenue from the following:

Cess received
Registration and Renewal fee received/collected from the building and other Construction Workers
Interest received in bank deposits

This notification shall be effective on the condition that “Puducherry Building and Other Construction Workers Welfare Board”:

Required not to engage in any commercial activity.
Activities and the nature of the mentioned income shall remain unchanged throughout the financial years and
Required to file a return of income in accordance with the condition of clause (g) (4C) of section 139 of the Income Tax Act 1961.

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Income Tax Exemption Notification to Greater Ludhiana Area Development Authority [Read Notification]

This notification must be deemed to have been applied for financial year 2023-2024 and assessment year 2024-25 and shall also apply with respect to financial year 2025-2026.