LawgistThe Securities and Exchange Board of India Act
25Exemption 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
(a) the Board;
(b) the existing Securities and Exchange Board from the date of its constitution to the date of establishment of the Board,
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
- 16 Power of Central Government to issue direction
- 17 Power of Central Government to supersede the Board
- 18 Returns and reports
- 19 Delegation
- 20 Appeals
- 20A Bar of jurisdiction
- 21 Savings
- 22 Members, officers and employees of the Board to be public servants
- 23 Protection of action taken in good faith
- 24 Offences
- 24A Composition of certain offences
- 24B Power to grant immunity
- 25 Exemption from tax on wealth and income
- 26 Cognizance of offences by courts
- 26A Establishment of Special Courts
- 26B Offences triable by Special Courts
- 26C Appeal and revision
- 26D Application of Code to proceedings before Special Court
- 26E Transitional provisions
- 27 Contravention by companies
- 28 Omitted.
- 28A Recovery of amounts
- 28B Continuance of proceedings
- 29 Power to make rules
- 30 Power to make regulations
- 31 Rules and regulations to be laid before Parliament
- 32 Application of other laws not barred
- 33 Repealed.
- 34 Power to remove difficulties
- 34A Validation of certain acts
- 35 Repeal and saving
