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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Exemption Expanded: Interest from National Defence Loans Now Fully Shielded Under Section 193 Income-tax Act Amendment</h1> The amendment modifies section 193 of the Income-tax Act by inserting a new clause exempting interest payable on specific National Defence Loans from taxation. The amendment specifically adds interest from 4 1/4 percent National Defence Loan, 1968, and 4 3/4 percent National Defence Loan, 1972, to the existing proviso, expanding tax exemption provisions for certain government loan instruments.
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