Section 10 exemptions modified: relief under section 89 bars duplicate exemption; contribution deadlines and NPS Trust inclusion clarified. Amendments insert a proviso in clause (10C) disallowing clause (10C) exemption where relief under section 89 was allowed for amounts from voluntary retirement or separation; change clause (23C) timing to require payments to be made on or before 30th September of the relevant assessment year; expand clause (23D) Explanation to include banks designated as other public sector banks by the Reserve Bank of India; and add clause (44) exempting income received for or on behalf of the New Pension System Trust established on 27 February 2008.
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Provisions expressly mentioned in the judgment/order text.
Section 10 exemptions modified: relief under section 89 bars duplicate exemption; contribution deadlines and NPS Trust inclusion clarified.
Amendments insert a proviso in clause (10C) disallowing clause (10C) exemption where relief under section 89 was allowed for amounts from voluntary retirement or separation; change clause (23C) timing to require payments to be made on or before 30th September of the relevant assessment year; expand clause (23D) Explanation to include banks designated as other public sector banks by the Reserve Bank of India; and add clause (44) exempting income received for or on behalf of the New Pension System Trust established on 27 February 2008.
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