Stock Exchange Investors' Protection Fund

By Vijay Kumar

As per Section 23 EA of the Income Tax Act,

any income by way of contributions received from recognised stock exchanges and the members thereof,of such Investor Protection Fund set up by recognisedstock exchanges in India, either jointly or separately, as the Central Government may, by notification in the Official Gazette, specify in this behalf

is not included in the income of the previous year. Now the Government has notified “The Stock Exchange Investors' Protection Fund, The Stock Exchange, Mumbai”, as an Investor Protection Fund for the purpose of this clause.

NOTIFICATION NO .65/2007, Dated : March 2, 2007