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Income from UTI (US 64) is taxable or Exempted ?

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(Querist)
26 July 2009 Whether Income from UTI (US 64) is taxable or Exempted ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 July 2009 Exempted u/s 10(33) of the income tax Act,1961.
Also read a good article about the matter in
http://money.outlookindia.com/scripts/IIH021C1.ASP?SectionID=5&CategoryID=44&ArticleID=2105&search=Y&SecID=0&SearchFor=1&txtSearch=clearing+the+air
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
26 July 2009 its exempt
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