Tax exemption for specified persons: exempt from income tax under the code subject to schedule conditions. Persons, entities or funds listed in the Seventh Schedule are not liable to income-tax under the Direct Taxes Code, 2010 for any financial year, provided they satisfy the conditions specified in that Schedule.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for specified persons: exempt from income tax under the code subject to schedule conditions.
Persons, entities or funds listed in the Seventh Schedule are not liable to income-tax under the Direct Taxes Code, 2010 for any financial year, provided they satisfy the conditions specified in that Schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.