Deduction for Investor Protection Fund contributions permitted when contributions come from recognised exchanges and the fund is notified. Deduction is allowed for amounts included in gross total income from ordinary sources when those amounts are contributions received from recognised stock exchanges, recognised commodity exchanges, or their members to an Investor Protection Fund; the Fund must be established by recognised exchanges and notified by the Central Government.
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.
Deduction for Investor Protection Fund contributions permitted when contributions come from recognised exchanges and the fund is notified.
Deduction is allowed for amounts included in gross total income from ordinary sources when those amounts are contributions received from recognised stock exchanges, recognised commodity exchanges, or their members to an Investor Protection Fund; the Fund must be established by recognised exchanges and notified by the Central Government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
