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<h1>Finance Bill 2011 Amends Income-tax Act: New Exemptions for UPSC Perks, Infrastructure Funds, and Non-Commercial Bodies</h1> Clause 4 of the Finance Bill, 2011 amends section 10 of the Income-tax Act concerning incomes not included in total income. It omits the Explanation to clause (34) regarding dividends for developers or entrepreneurs, effective June 1, 2011. It introduces clause (45), exempting allowances or perquisites for Union Public Service Commission members, effective retroactively from April 1, 2008. Clause (46) exempts specified income of certain bodies established by government acts, not engaged in commercial activity, effective June 1, 2011. Clause (47) exempts income of infrastructure debt funds notified by the government, also effective June 1, 2011.