Section - 10(23FBB), Income-tax Act.
Section - 10(23FBB), Income-tax Act.
Incomes not included in total income.
Any income referred to in section 115UB, accruing or arising to, or received by, a unit holder of an investment fund, being that proportion of income which is of the same nature as income chargeable under the head "Profits and gains of business or profession".
Explanation.—For the purposes of clauses (23FBA) and (23FBB), the expression "investment fund" shall have the meaning assigned to it in clause (a) of the Explanation 1 to section 115UB;
Following clause (23FBC) shall be inserted after clause (23FBB) of section 10 by the Taxation and Other Laws (Relaxation and Amend-ment of Certain Provisions) Act, 2020, w.e.f. 1-4-2021 :
