India - Income Tax Act 2010 - Saarc

S. 10(23C) I.T. ACT, 1961 1.7834[(23BBD) any income of the Secretariat of the Asian Organisation of theSupreme Audit Institutions registered as “ASOSAI-SECRETARIAT”under the Societies Registration Act, 1860 (21 of 1860) for 35 [tenprevious years relevant to the assessment years beginning on the 1stday of April, 2001 and ending on the 31st day of March, 2011];(23BBE) any income of the Insurance Regulatory and Development Authorityestablished under sub-section (1) of section 3 of the InsuranceRegulatory and Development Authority Act, 1999 (41 of 1999);]36[(23BBF) any income of the North-Eastern Development Finance CorporationLimited, being a company formed and registered under the CompaniesAct, 1956 (1 of 1956) :Provided that in computing the total income of the North-EasternDevelopment Finance Corporation Limited, the amount to the extentof—(i) twenty per cent of the total income for assessment year beginningon the 1st day of April, 2006;(ii) forty per cent of the total income for assessment year beginningon the 1st day of April, 2007;(iii) sixty per cent of the total income for assessment year beginningon the 1st day of April, 2008;(iv) eighty per cent of the total income for assessment year beginningon the 1st day of April, 2009;(v) one hundred per cent of the total income for assessment yearbeginning on the 1st day of April, 2010 and any subsequentassessment year or years,shall be included in such total income;]37[(23BBG) any income of the Central Electricity Regulatory Commissionconstituted under sub-section (1) of section 76 of the Electricity Act,2003 (36 of 2003);]38[ 39 (23C) any income received by any person on behalf of—(i) the Prime Minister’s National Relief Fund; or(ii) the Prime Minister’s Fund (Promotion of Folk Art); or34. Inserted by the Finance Act, 2001, w.e.f. 1-4-2001.35. Substituted for “seven previous years relevant to the assessment years beginning on the1st day of April, 2001 and ending on the 31st day of March, 2008” by the Finance Act, 2007,w.e.f. 1-4-2008. Earlier the quoted words were substituted for “three previous yearsrelevant to the assessment years beginning on the 1st day of April, 2001 and ending on the31st day of March, 2004” by the Finance Act, 2003, w.e.f. 1-4-2004.36. Inserted by the Taxation Laws (Amendment) Act, 2006, w.r.e.f. 1-4-2006.37. Inserted by the Finance Act, 2007, w.e.f. 1-4-2008.38. Inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.39. See also Circular No. 557, dated 19-3-1990, Circular No. 580, dated 14-9-1990 and CircularNo. 584, dated 13-11-1990. For details, see Taxmann’s Master Guide to Income-tax Act.