Supersession in Notifications No. S. O. 695(E), dated 3rd October, 1997 - Central Government specifies all allowances received by the members of the State Legislature or any Committee thereof to the extent of two thousand rupees per month - 744(E) - Income Tax Act, 1961
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Exemption of legislative allowances limited in aggregate per month for members of State Legislature under section 10(17)(iii). Specification under section 10(17)(iii) designates that all allowances received by members of a State Legislature or any Committee thereof are exempt for income tax purposes only to the extent of two thousand rupees per month in the aggregate, exercising the Central Government's power under the cited sub clause to define the permissible exemption ceiling. The notification supersedes the earlier notification and takes effect from 1 April 1998.
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 of legislative allowances limited in aggregate per month for members of State Legislature under section 10(17)(iii).
Specification under section 10(17)(iii) designates that all allowances received by members of a State Legislature or any Committee thereof are exempt for income tax purposes only to the extent of two thousand rupees per month in the aggregate, exercising the Central Government's power under the cited sub clause to define the permissible exemption ceiling. The notification supersedes the earlier notification and takes effect from 1 April 1998.
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