TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Govt exempts certain Legal Services Authorities' specified income under section 10(46), subject to conditions and return filing</h1> The Central Government, under section 10(46) of the Income-tax Act, notifies that specified income of an authority constituted under the Legal Services Authorities Act is exempt: (a) costs awarded by the relevant High Court; (b) grants from central, state or government agencies for statutory purposes; and (c) interest on bank deposits. The exemption is subject to conditions: the authority must not undertake commercial activity, must maintain the nature of specified income across financial years, and must file returns as required by section 139(4C)(g). The notification operates retrospectively for assessment years 2023-24 to 2025-26 and applies to 2026-27 and 2027-28.
TaxTMI 
TaxTMI 
