Exemption for National Pension System payments on account closure or opt out; amendments add carve outs, crude storage tax rule, equalisation levy. Amendments insert an exemption for certain payments from the National Pension System Trust on account closure or opting out, recognise transfers to notified pension schemes under section 80CCD, add Gold Monetisation Scheme deposit certificates to deposit exemptions, update cross-references and fund income entries to include dividend income, carve out specified dividend income from clause application, allow IFSC stock exchange transactions in foreign currency to be excluded from a sub-clause, exempt foreign company income from crude storage and sale when pursuant to notified Central Government arrangements, and include income chargeable to the equalisation levy within the clause's scope as defined by Chapter VIII.
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.
Exemption for National Pension System payments on account closure or opt out; amendments add carve outs, crude storage tax rule, equalisation levy.
Amendments insert an exemption for certain payments from the National Pension System Trust on account closure or opting out, recognise transfers to notified pension schemes under section 80CCD, add Gold Monetisation Scheme deposit certificates to deposit exemptions, update cross-references and fund income entries to include dividend income, carve out specified dividend income from clause application, allow IFSC stock exchange transactions in foreign currency to be excluded from a sub-clause, exempt foreign company income from crude storage and sale when pursuant to notified Central Government arrangements, and include income chargeable to the equalisation levy within the clause's scope as defined by Chapter VIII.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.