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Tax exemption notification: specified ex servicemen welfare funds notified under section 10(23C)(iv) for income tax assessment year applicability. The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies eight specific funds established for servicemen and ex servicemen welfare and resettlement as being covered by that clause for the purpose of the Act, effective from the assessment year 1976 77: Armed Forces Benevolent Fund; Special Fund for Reconstruction and Rehabilitation of ex servicemen; Armed Forces Reconstruction Fund; India Gorkha Ex servicemen's Welfare Fund; Central Post War Resettlement Fund; Armed Forces Flag Day Fund; War Bereaved & Disabled Servicemen Special Relief Fund; and Indian Soldiers, Sailors & Airmen's Board Fund.
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Tax exemption notification: specified ex servicemen welfare funds notified under section 10(23C)(iv) for income tax assessment year applicability.
The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies eight specific funds established for servicemen and ex servicemen welfare and resettlement as being covered by that clause for the purpose of the Act, effective from the assessment year 1976 77: Armed Forces Benevolent Fund; Special Fund for Reconstruction and Rehabilitation of ex servicemen; Armed Forces Reconstruction Fund; India Gorkha Ex servicemen's Welfare Fund; Central Post War Resettlement Fund; Armed Forces Flag Day Fund; War Bereaved & Disabled Servicemen Special Relief Fund; and Indian Soldiers, Sailors & Airmen's Board Fund.
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