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Income Tax Exemption under Section 10(23BBA) of Income Tax Act, 1961

 

Eligible Assessee

Authority or body established or appointed under Central, State or Provincial Acts

 

Nature of Income

Any income

 

 

 

Amount Exempt

Entire amount

 

Conditions laid down for Tax Exemption u/s 10(23BBA)
The authority is established to provide administration of public religious or charitable trusts, endowments (Temples, Maths, Wakfs, Synagogues, etc.), societies for religious or charitable purpose formed under the applicable laws.
The provisions of this section are not applicable to income of trusts, endowments or societies referred to above.

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