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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Exemption Expanded: National Defence Gold Bonds 1980 Income Now Fully Shielded from Taxation Under New Section 10 Clause</h1> The amendment modifies section 10 of the Income-tax Act by inserting a new sub-clause (ia) to exempt annual payments from National Defence Gold Bonds, 1980 from taxation. This legislative change expands the existing tax exemption provisions, specifically addressing income derived from these specific government-issued bonds.
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