Power to exempt from income-tax, stamp-duty and registration fees

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he income-tax payable in respect of the profits of the society, or of the dividends or other payments received by the members of the society on account of profits. (2) The Government, by notification in the Official Gazette, may, in the case of any registered society or class of registered society, remit-- (a) the stamp-duty with which, under any law for the time being in force, instruments exe....