Section 20: Any sum payable by Government or a public sector body
This section is inserted by Finance (Miscellaneous Provisions) Act, section 41.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
20. Any sum payable by Government or a public sector body
to any person as compensation for losses incurred by him,
directly or indirectly, as a result of a natural disaster.
(ii) in Sub-part B, by inserting, after item 3A, the following new
item –
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Questions this section answers
- Is compensation paid by Government for natural disaster losses exempt from income tax?