Tax exemption notified for Seafarers Welfare Fund Society, Bombay effective from specified assessment year under income tax law. Notification under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 notifies Seafarers Welfare Fund Society, Bombay as recognised for the purposes of that provision, with effect from the specified assessment year, thereby making the Society subject to the tax treatment and exemption framework applicable under section 10(23C)(iv).
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Tax exemption notified for Seafarers Welfare Fund Society, Bombay effective from specified assessment year under income tax law.
Notification under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 notifies Seafarers Welfare Fund Society, Bombay as recognised for the purposes of that provision, with effect from the specified assessment year, thereby making the Society subject to the tax treatment and exemption framework applicable under section 10(23C)(iv).
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