Notification: S.O.672(E)
Section(s) Referred: 10 ,10(23AAA)
Statute: INCOME TAX
Date of Issue: 27/7/1995
In exercise of the powers conferred by clause (23AAA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby notifies the following purposes for the purpose of the said clause, namely :–
(1) cash benefits to a member of the fund,–
(a) on superannuation, or
(b) in the event of his illness or illness of his spouse or dependent children, or
(c) to meet the cost of education of his dependent children ; or
(2) cash benefits to the dependants of a member of the fund in the event of the death of such member. (Sd.) Aniruddha Kumar, Under Secretary to the Government of India. [No. 9830/F. No. 142/16/95-TPL
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