The Central Board of Direct Taxes (CBDT) has notified ‘District Mineral Foundation Trust’ for the purposes of the section 10(46) of the Income-tax Act, 1961. Income received by it in the nature of penalty charged from lease holder and interest received from them for late payment & other interest income shall be exempt from tax under section 10(46).The Central Board of Direct Taxes (CBDT) has notified ‘District Mineral Foundation Trust’ for the purposes of the section 10(46) of the Income-tax Act, 1961. Income received by it in the nature of penalty charged from lease holder and interest received from them for late payment & other interest income shall be exempt from tax under section 10(46).taxmann.com Latest Statutory HappeningsRead More
