Exempt persons under Seventh Schedule: specified public authorities, funds and bodies granted tax exemption subject to listed conditions. Seventh Schedule lists categories of persons and institutions exempt from tax under the Direct Taxes Code Bill, 2009, including government offices, ... Summary
Exempt persons under Seventh Schedule: specified public authorities, funds and bodies granted tax exemption subject to listed conditions.
Seventh Schedule lists categories of persons and institutions exempt from tax under the Direct Taxes Code Bill, 2009, including government offices, sectoral boards and authorities, designated funds and trusts, regulatory bodies and financial intermediaries, approved employee funds, electoral trusts meeting prescribed distribution and operational conditions, government financed corporations and bodies promoting disadvantaged or minority communities, local and municipal bodies, armed forces welfare funds, insurer established pension funds approved by the regulator, bodies administering religious or charitable endowments and notified international or treaty bodies.
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