Deduction for Investor Protection Fund contributions permitted when included in gross total income, subject to recognition and notification. A deduction is permitted for amounts included in gross total income from ordinary sources when those amounts are contributions received from recognised ... Summary
Deduction for Investor Protection Fund contributions permitted when included in gross total income, subject to recognition and notification.
A deduction is permitted for amounts included in gross total income from ordinary sources when those amounts are contributions received from recognised stock exchanges or recognised commodity exchanges and their members by an Investor Protection Fund. The deduction is available only if the recipient Fund is set up by such exchanges and is notified by the Central Government.
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