LawgistThe Airports Economic Regulatory Authority of India Act
46Exemption from tax on wealth and income
Notwithstanding anything contained in the Wealth-tax Act, 1957 (27 of 1957), the Income-tax Act, 1961 (43 of 1961), or any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.
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MISCELLANEOUS
- 42 Directions by Central Government
- 43 Members, officers and employees of Authority to be public servants
- 44 Bar of jurisdiction
- 45 Protection of action taken in good faith
- 46 Exemption from tax on wealth and income
- 47 Cognizance of offences
- 48 Delegation of powers
- 49 Power of Central Government to supersede Authority
- 50 Application of other laws not barred
- 51 Power to make rules
- 52 Power to make regulations
- 53 Rules and regulations to be laid before Parliament
- 54 Amendment of certain enactments
- 55 Power to remove difficulties
