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Income Tax Exemption under Section 10(26B) of Income Tax Act, 1961

 

Eligible Assessee

Government corporation or any association, body, institution wholly financed by government

 

 

 

Nature of Income

Any income

 

Amount Exempt

Entire income

 

Conditions laid down for Tax Exemption
The corporation is established by a Central, State or provincial Act or any association, body, institution wholly financed by the government and are formed with the object to promote interest of schedule caste, schedule Tribe or backward classes.

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