EXEMPTION UNDER SECTION10(23) FOR ITR -7

[SHEKHAR TAMBOLI]

SIR

I AM FILLING THE ITR 7 THEN EXEMPTION FOR TRUST INCOME OR NATURE

PLEASE DETAIL THE SECTION WISE EXEMPTION .

REGARDS

SHEKHAR TAMBOLI

[Ganeshan Kalyani]

Visit www.incometax.gov.in

[DR.MARIAPPAN GOVINDARAJAN]

Such types of queries may be referred to directly in the Act itself. It does not need the help of others.

AI Summary

Trust income exemption: consult statutory provisions and official tax authority guidance when claiming exemptions on ITR filing. Exemption under Section 10(23) concerns the tax treatment and eligibility conditions for trust income reported on ITR 7; the inquiry seeks a section wise breakdown of applicable exemptions. Respondents advise consulting the Income Tax Act and the official tax authority website for authoritative text and procedural guidance to determine exempt amounts and claim requirements.