Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]

By Aparna. M - On October 3, 2023 7:30 am - 2 mins read

Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption - Income Tax Act - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT ) Mumbai bench held that income by way of statutory contribution received from the recognized stock exchange is eligible for exemption under Section 10 (23EC) of the Income Tax Act, 1961. Assesee, NCDEX Investor (Client) Protection Fund Trust has been established by National Commodity & Derivatives Exchange Limited (NCDEX)…

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