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Income of institutions established by armed forces [Section 10(23AA)] – Income Tax

Income of institutions established by armed forces [Section 10(23AA)] :

Any income received by any person on behalf of any regimental fund or non-public fund established by the armed forces of the Union for the welfare of the past and present members of such forces or their dependents is exempt from tax.

It  may be noted that donations to such institutions will qualify for deduction under section 80G.

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