Tax exemption for Deposit-linked Insurance Fund income recognised for trustees of coal mines and employees' provident fund schemes. The amendment inserts an exemption for income received by trustees on behalf of Deposit-linked Insurance Funds under the Coal Mines Provident Fund and ... Summary
Tax exemption for Deposit-linked Insurance Fund income recognised for trustees of coal mines and employees' provident fund schemes.
The amendment inserts an exemption for income received by trustees on behalf of Deposit-linked Insurance Funds under the Coal Mines Provident Fund and Employees' Provident Funds statutes, and expressly includes such Deposit-linked Insurance Funds alongside superannuation funds within the income-tax deduction provisions.
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