CBDT Grants Income Tax Exemption to West Bengal Construction Workers Welfare Board:

CBDT Grants Income Tax Exemption to West Bengal Construction Workers Welfare Board The Central Board of Direct Taxes (CBDT) under the Ministry of Finance recently shared a notification (No. 7/2026) regarding income tax exemption. The Central Government, in powers given by section 10 (46) of the Income-tax Act, 1961 (43), notifies the "West Bengal Building and Other Construction Workers Welfare Board" for income tax exemption.

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West Bengal Building and Other Construction Workers Welfare Board (PAN AAALW0061D) is a board established by the Government of West Bengal for the following income arising to the Board:

• Cess collected under the Building and Other Construction Workers Welfare Cess Act, 1996 (28) and the rules
• Registration fees and yearly subscriptions collected from construction workers registered with the Board as beneficiaries
• Amount received in the form of grants-in-aid and loans from government
• Interest income received from investment

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This benefit will only be made effective if the board "West Bengal Building and Other Construction Workers Welfare Board"

• Will not be involved in any commercial activity
• Activities and the nature of the specified income will remain unchanged throughout the financial years.
• Will 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.

If the board does not meet these requirements, it could face penalties under the Income-tax Act, 1961, and it may also lose its tax-exempt status under Section 10(46). This notification will apply to the four financial years from 2021-22 to 2024-25 (covering assessment years 2022-23 to 2025-26), and it will also continue to apply going forward for the financial year 2025-26 (assessment year 2026-27).