CBDT Notifies ‘Multi Commodity Exchange Investor (Client) Protection Fund Trust’ for Sec. 10(23EC) Exemption
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- Last Updated on 15 September, 2023
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S.O. 3984(E), dated 12-09-2023
Section 10(23EC) provides that any income of notified Investors Protection Fund by way of contribution received from commodity exchange and the member thereof shall be exempt from tax. The Central Government has notified the following funds for exemption under this provision:
(a) National Stock Exchange Investor Protection Fund Trust;
(b) UP Stock Investors Protection Fund;
(c) Stock Exchange Investors’ Protection Fund;
(d) Delhi Stock Exchange Customers’ Protection Fund; and
(e) NCDEX Investor (Client) Protection Fund Trust.
Now, the Central Government has notified the Multi Commodity Exchange Investor (Client) Protection Fund Trust set up by Multi Commodity Exchange of India Limited, Mumbai, for the purpose of the exemption.
It should be noted that the exemption shall be valid only for the assessment year 2014-15.
Click Here To Read The Full Notification
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