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Income Tax Exemption under Section 10(24) of Income Tax Act, 1961

 

Eligible Assessee

Registered union or Association of such unions

 

 

 

Nature of Income

Income from house property or income from other sources

 

Amount Exempt

Entire income

 

Conditions laid down for Tax Exemption

  1. The union is registered under Trade Union Act,1926

  2. It is formed with the object of regulating relations between workmen and employers or between workmen and workmen

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