Page 216 - DMGT515_PERSONAL_FINANCIAL_PLANNING

Unit 11: Taxation Planning

Notes
10(20) any local Authority (a) Business income derived
from Supply of water or
electricity any where. Supply of
other commodities or service
within its own jurisdictional
area.
(b) Income from house
property, other sources and
capital gains.
10(20A) Housing or other
Development authorities
10(21) Approved Scientific Research
Association
10(23) Notified Sports Association/
Institution for control of
cricket, hockey, football, tennis
or other notified games.
10(23A) Notified professional All income except from house
association/institution property, interest or dividends
on investments and rendering
of any specific services
10(23AA) Regimental fund or Non-
public fund
10(23AAA) Fund for welfare of employees
or their dependents.
10(23AAB) Fund set up by LIC of India
under a pension scheme
10(23B) Public charitable trusts or
registered societies approved
by Khadi or Village Industries
commission
10(23BB) Any authority for
development of khadi or
village industries
10(23BBA) Societies for administration of
public, religious or charitable
trusts or endowments or of
registered religious or
charitable Societies.
10(23BBB) European Economic
Community from Income
from interest, dividend or
capital gains
10(23BBC) SAARC Fund
10(23C) Certain funds for relief,
charitable and promotional
purposes, certain educational
or medical institutions
10(23D) Notified Mutual Funds
10(23E) Notified Exchange Risk
Administration Funds
Contd...

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