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          <h1>Income Tax Act Section 10 Amended: New Exemptions for Foreign Philanthropic Workers and Specified Charitable Funds Announced.</h1> Section 10 of the Income-tax Act, 1961, has been amended to include new provisions. A new sub-clause (via) exempts remuneration received by individuals working for foreign philanthropic institutions in India, provided these are approved by the Central Government. Additionally, clause (23C) exempts income received on behalf of specified funds and institutions, including the Prime Minister's National Relief Fund and other charitable organizations notified by the Central Government. These exemptions apply to funds with significant importance and proper administration, with notifications effective for specified assessment years.

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