https://www.taxtmi.com/circulars?id=9781 Living allowances paid to foreign nationals training in India under Colombo Plan, SCAAP and ITEC may be treated as exempt under section 10(14)/section 10(16) of the Income-tax Act, 1961 for and up to the assessment year 1988-89. After that period, the exemption and tax treatment will be governed by the substituted provisions of section 10(14) introduced by the Direct Tax Laws (Amendment) Act, 1987 effective 1 April 1989. en-us Mon, 07 Nov 1988 00:00:00 +0530 Wed, 08 Jun 2011 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9781 Living allowances paid to foreign nationals training in India under Colombo Plan, SCAAP and ITEC may be treated as exempt under section 10(14)/section 10(16) of the Income-tax Act, 1961 for and up to the assessment year 1988-89. After that period, the exemption and tax treatment will be governed by the substituted provisions of section 10(14) introduced by the Direct Tax Laws (Amendment) Act, 1987 effective 1 April 1989. Circulars Income Tax Mon, 07 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9781