Section 24A

Exemption from liability to pay income-tax.

The Khadi and Village Industries Commission Act, 1956

  • Act 61 of 1956
  • Ministry of Micro, Small and Medium Enterprises
About this Act

An Act to provide for the establishment of a Commission for the development of Khadi and Village Industries and for matters connected therewith.

All sections
1[24A. Exemption from liability to pay income-tax.-- Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961), the Commission shall not be liable to pay any income-tax on its income, profits or gains.]

Notes

1 Ins. by Act 29 of 1977, s. 34 (w.e.f. 1-4-1962).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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