Exemption for rewards by Central Government or State Government to medal winners of Olympic Games or Common Wealth Games or Asain Games under clause (17A) of section 10 of the Income Tax Act 1961 (43 of 1961).
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Exemption for government rewards to Olympic and similar medal winners confirmed as tax-exempt, covering cash or in-kind payments. The Central Government authorises that any payment, whether in cash or in kind, made by the Central Government or a State Government as a reward to medal winners of the Olympic Games, Commonwealth Games or Asian Games shall be treated as exempt from income tax under the relevant provision, with effect from the date of the order.
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.
Exemption for government rewards to Olympic and similar medal winners confirmed as tax-exempt, covering cash or in-kind payments.
The Central Government authorises that any payment, whether in cash or in kind, made by the Central Government or a State Government as a reward to medal winners of the Olympic Games, Commonwealth Games or Asian Games shall be treated as exempt from income tax under the relevant provision, with effect from the date of the order.
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