TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxation Laws (Amendment) Act, 2005, updates section 10 of Income-tax Act, 1961 with new exemptions for sports and power sectors.</h1> The Taxation Laws (Amendment) Act, 2005, modifies section 10 of the Income-tax Act, 1961, effective April 1, 2006. Amendments include changing the applicable dates in clauses (6BB) and (15A) to March 31, 2006, and April 1, 2006, respectively. New clauses (39), (40), and (41) are introduced. Clause (39) exempts specified income from international sporting events held in India, approved and notified by the Central Government. Clause (40) exempts income received by a subsidiary from its holding company for power generation business revival. Clause (41) exempts income from the transfer of power-related capital assets before March 31, 2006.
TaxTMI 
TaxTMI 
