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Income Tax Exemption under Section 10(10BB) of Income Tax Act, 1961

 

Eligible Assessee

Any person

 

Nature of Income

Any payment received under Bhopal Gas Leak Disaster (Processing of Claims Act), 1985

 

 

 

Amount Exempt

Entire amount

 

Conditions laid down for Tax Exemption
In case if the assessee is allowed deductions under the IT Act for any payment in connection with any loss or damage caused by such disaster, the same shall not be allowed under this clause.

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