New Delhi, the 14th July, 2021
S.O. 2826(E).—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, ‘Haryana Labour Welfare Board’ (PAN AAATH2451C), a Board constituted by the State Government of Haryana, in respect of the following specified income arising to that Board, namely:-
- Contribution to the Labour Welfare Fund by the Employers and Employees;
- Unpaid accumulation which were due to employees but not paid to them within a period of 2 years by the Employer;
- Fine on delayed deposit of contribution and unpaid accumulation;
- Interest on loans and advances given to staff of the board; and
- Interest income received from investment.
2. This notification shall be effective subject to the conditions that Haryana Labour Welfare Board,-
- shall not engage in any commercial activity;
- activities and the nature of the specified income shall remain unchanged throughout the financial years; and
- 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.
- shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied.
3. This notification shall apply for the period from 01-06-2020 to 31-03-2021 in the financial year 2020-2021 and also from the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.
For full detail click the link below :
https://www.dropbox.com/s/i7vchwi1x51yjq8/notification_80_2021.pdf?dl=0