The Khadi and Village Industries Commission Act

Short title and extent

Definitions

Power to add to the Schedule

Establishment and constitution of the Commission

Powers and functions of the Chief Executive Officer

Powers and functions of the Financial Adviser

Disqualifications for membership of the Commission

Removal of Chairman, Member, etc., from the Commission

Resignation of office by member

Vacancies, etc., not to invalidate acts and proceedings of the Commission

Temporary association of persons with the Commission for particular purposes

Constitution of the Board

Commission to consult the Board

Meetings of the Commission

Zonal Committee

Term of office and conditions of service of the chairman and other members

Officers and servants of the Commission

Functions of the Commission

Power of Central Government to give directions

Payment to the Commission

Commission to receive gifts, grants, etc

Funds of the Commission

Power of the Commission to spend

Standing Finance Committees

Recovery of monies due to the Commission as arrears of land-revenue

Budget

Borrowing of money

Transfer of liabilities and obligations to the Commission

Accounts and audit

Returns and reports

Exemption from liability to pay income-tax

Dissolution of the Commission

Power to make rules

Power to make regulations

Rules and Regulations to be laid before Parliament

All sections

1[24A. Exemption from liability to pay income-tax.-- Notwithstanding anything contained in the
Income-tax Act, 1961 (43 of 1961), the Commission shall not be liable to pay any income-tax on its
income, profits or gains.]

LAWGIST

# 24A Exemption from liability to pay income-tax