Exemption from tax: statutory immunity shields the securities regulator and its predecessor from wealth and income tax liability. The provision grants the Board and the existing Securities and Exchange Board immunity from liability for wealth-tax, income-tax and any other tax in respect of their wealth, income, profits or gains, notwithstanding contrary provisions in the Wealth-tax Act, the Income-tax Act or other taxation enactments, and applies to the predecessor body for the period between its constitution and the Board's establishment.