LawgistThe Rehabilitation Finance Administration Act
20Exemption from taxes
Notwithstanding anything contained in the Indian Income-tax Act, 1922 (11 of 1922)1 , or in any other enactment for the time being in force relating to income-tax, super-tax or business profits tax, the Administration shall not be liable to pay any income-tax, super-tax or business profits tax or any incomes, profits or gains.
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1. See now the Income-tax Act, 1961 (43 of 1961).
All sections
- 1 Short title, extent and commencement
- 2 Definitions
- 3 Establishment and incorporation
- 4 Constitution of the Administration
- 5 Advisory Board
- 6 Terms of office of the members of the Administration and the Advisory Board
- 7 Disclosure of interest
- 8 Removal from membership
- 9 The Chief Administrator
- 10 Staff
- 11 Funds of the Administration
- 12 Business of the Administration
- 13 Loans
- 14 Power to call for repayment before agreed period
- 15 Mode of recovery
- 16 Accounts and audit
- 17 Power of inspection
- 18 Returns
- 19 Power of Central Government to give direction
- 20 Exemption from taxes
- 21 Liquidation of the Administration
- 22 Delegation
- 23 Power to make rules
- 24 Power to make regulations
- 25 Laying of rules and regulations before Parliament
