Army Officers' Benevolent Fund and Army Central Welfare Fund Tax Exemption for 1973-76 Under Section 10(23C)(iv)
The Central Government, exercising its authority under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961, has issued a notification regarding the Army Officers' Benevolent Fund and the Army Central Welfare Fund. These funds are notified for the purposes of section 10 for the assessment years 1973-74, 1974-75, and 1975-76. This notification, identified as S.O.1968 and dated March 4, 1978, specifies the inclusion of these funds under the relevant tax exemption provisions.
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