Income Tax Act
Income Tax (Exemption of Income of Rasce) Rules
G.N. No. S 485/1992
REVISED EDITION 1992
(27th November 1992)
[27th November 1992]
1. These Rules may be cited as the Income Tax (Exemption of Income of RASCE) Rules.
2. In these Rules —
“NEAT” refers to Network Execution and Transfer; and
“RASCE” refers to the RAS Commodity Exchange Limited.
3. The income of RASCE derived during the period from 27th May 1992 to 26th May 1997 specified in the Schedule is exempt from tax.