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        Indian Laws

        Section 26 - Exemption from tax.

        International Financial Services Centres Authority Act, 2019
        Chapter VI
        MISCELLANEOUS

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        Tax exemption: the Authority is not liable to pay income-tax or other taxes on its income, services, profits or gains. Section 26 provides a statutory exemption from tax, specifying that no existing taxation law, including the Income-tax Act, shall render the Authority liable to pay income-tax or any other tax or duty on its income, services, profits or gains.
                          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: the Authority is not liable to pay income-tax or other taxes on its income, services, profits or gains.

                                Section 26 provides a statutory exemption from tax, specifying that no existing taxation law, including the Income-tax Act, shall render the Authority liable to pay income-tax or any other tax or duty on its income, services, profits or gains.


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