Deduction of income of Investor Protection Fund.
82. (1) A person shall be allowed in the financial year a deduction of the amount specified in sub-section (2), if such amount is included in the gross total income from ordinary sources.
(2) The amount referred to in sub-section (1) shall be the contribution received from any recognised stock exchange, or recognised commodity exchange, and the members thereof.
(3) The deduction under sub-section (1) shall be allowed if—
(a) the person is an Investor Protection Fund set up, either jointly or separately, by recognised stock exchanges or recognised commodity exchanges; and
(b) such Investor Protection Fund is notified by the Central Government.
