TMI BlogAssessee Specific Exemption under section 10X X X X Extracts X X X X X X X X Extracts X X X X ..... rgency Allowance if this exemption is taken, employee cannot claim any exemption in respect of border area allowance (Subject to certain conditions and locations) Up to 3,900 per month Individual Members of Armed Forces 10(14) High Altitude Allowance is granted to armed forces operating in high altitude areas (Subject to certain conditions and locations) a) Up to 1,060 per month (for altitude of 9,000 to 15,000 feet) b) Up to 1,600 per month (for altitude above 15,000 feet) Individual Members of Armed Forces 10(14) Highly active field area allowance is granted to members of armed force ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m a trade or business carried on by it which accrues or arises from the supply of a commodity or service Fully Exempt Local Authority 10(21) Any income of an approved Research Association approved for the purposes of Section 35(1)(ii) or (iii) Fully Exempt Approved Research Association 10(22B) Income of News Agency Fully Exempt News Agency 10(23A) Income of professional Institutions Fully Exempt As notified 10(23AA) Any income received by any person on behalf of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der the notified scheme Fully Exempt European Economic Community 10(23BBC) Income of the SAARC Fund for Regional Projects Fully Exempt SAARC Fund 10(23BBD) Income of the Secretariat of the Asian Organisation of the Supreme Audit Institutions Fully Exempt ASOSAI-SECRETARIAT 10(23BBE) Income of the Insurance Regulatory and Development Authority Fully Exempt IRDA 10(23BBF) [ Omitted By FA 2023 ] Income of the North-Eastern Development Finance Corporation Limite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of such Core Settlement Guarantee Fund Fully Exempt Set up by a recognised clearing corporation 10(23FA) Dividends or long-term capital gains (except u/s 115-O) Fully Exempt Venture capital fund or a venture capital company 10(23FB) Any income, if set up to raise funds for investment in a venture capital undertaking Fully Exempt Venture capital company or venture capital fund 10(23FBA) Any income other than the income chargeable under the head Profits and gains of business or profession Fully Exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Agricultural produce market committee or board 10(26B) Any income Fully Exempt Corporation established for promoting the interests of the SC/ST/BC 10(26BB) Any income Fully Exempt Corporation set for for promoting the interests of the members of a minority community. 10(26BBB) Any income Fully Exempt Corporation established for the welfare and economic upliftment of ex-servicemen 10(27) Any income Fully Exempt Co-operative society formed for promoti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny activity for the benefit of the general public ( as notified by notification ) . Fully Exempt (specified amount) Body or authority or Board or Trust or Commission 10(46A) Added by FA, 2023 1. Set up with the object (w.e.f. 1st April, 2024) - dealing with and satisfying the need for housing accommodation; planning, development or improvement of cities, towns and villages; regulating, or regulating and developing, any activity for the benefit of the general public; or regulating any matter, for the benefit of the general public, arising out of the object for which it has been created; and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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