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Provident fund notified under clause (xviia) of sub-section (1) for the purposes of exemption of amount standing to the credit of individual therein - 2432 - Income Tax Act, 1961
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Provident fund notification: Public Provident Fund designated for exemption of individual account balances under wealth-tax law. The Central Government notifies the Public Provident Fund under the Public Provident Fund Scheme, 1968, as a provident fund to which clause (xviia) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 applies, thereby rendering amounts standing to the credit of individuals in that fund eligible for the specified exemption.
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.
Provident fund notification: Public Provident Fund designated for exemption of individual account balances under wealth-tax law.
The Central Government notifies the Public Provident Fund under the Public Provident Fund Scheme, 1968, as a provident fund to which clause (xviia) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 applies, thereby rendering amounts standing to the credit of individuals in that fund eligible for the specified exemption.
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