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 ... Summary
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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