Part IV - VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA (From Section 147 to Section 150)
Non taxation of specified withdrawals: individual assessees exempt from tax on qualifying withdrawals after the effective date. The Finance Act, 2025 amends the Income-tax Act by inserting a proviso that amounts withdrawn on or after the 29th August, 2024 shall not be charged to tax in the case of an assessee who is an individual, the insertion being deemed effective from that date.
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.
Non taxation of specified withdrawals: individual assessees exempt from tax on qualifying withdrawals after the effective date.
The Finance Act, 2025 amends the Income-tax Act by inserting a proviso that amounts withdrawn on or after the 29th August, 2024 shall not be charged to tax in the case of an assessee who is an individual, the insertion being deemed effective from that date.
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