INCOME TAX

Exemption for rewards by Central Government or State Government to medal winners of Olympic Games or Common Wealth Games or Asain Games under clause (17A) of section 10 of the Income Tax Act 1961 (43 of 1961).

ORDER

DATED 28-1-2014

In pursuance of the powers conferred by sub-clause (ii) of clause (17A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves any payment made, whether in cash or in kind, as a reward by the Central Government or a State Government to the medal winners of the Olympic Games or Common Wealth Games or Asian Games with effect from the date of this order.

[F.NO.199/03/2013-ITA.1]