https://www.taxtmi.com/acts?id=46276 Amendments to section 10 redefine exemptions: the casual non recurring receipts exemption (excluding lottery winnings) is capped and does not apply to capital gains, business or professional receipts, or additions to employee remuneration. Gratuity exemptions are restated to limit exempt amounts by a formula based on average salary and years of service, and clause (25) is expanded to exempt income received by trustees for an approved gratuity fund. en-us Tue, 17 Dec 2024 16:54:27 +0530 Tue, 17 Dec 2024 16:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46276 Amendments to section 10 redefine exemptions: the casual non recurring receipts exemption (excluding lottery winnings) is capped and does not apply to capital gains, business or professional receipts, or additions to employee remuneration. Gratuity exemptions are restated to limit exempt amounts by a formula based on average salary and years of service, and clause (25) is expanded to exempt income received by trustees for an approved gratuity fund. Act-Rules F. Acts / Amendment Acts Tue, 17 Dec 2024 16:54:27 +0530 https://www.taxtmi.com/acts?id=46276