LawgistThe Warehousing (Development and Regulation) Act
49Exemption 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
- 46 Chairperson, members, officers and other employees of Authority to be public servants
- 47 Protection of action taken in good faith
- 48 Delegation of powers
- 49 Exemption from tax on wealth and income
- 50 Power of Central Government to make rules
- 51 Power of Authority to make regulations
- 52 Rules and regulations to be laid before Parliament
- 53 Act to have overriding effect
- 54 Power to remove difficulties
- 55 Amendment of Act 2 of 1899
