Eligible Assessee
Any Ruler (individual)
Nature of Income
Annual value of any palace/s in occupation of such ruler
Amount Exempt
Entire amount
Conditions laid down for Tax
Exemption
The annual value of such palace/s was exempt from income tax before the
commencement of constitution (Twenty Sixth Amendment) Act, 1971 on account of
provisions of merged states (Taxation Concessions) Order, 1949 or Part B States
(Taxation Concessions) Order, 1950 or Jammu and Kashmir (Taxation Concessions)
Order, 1958.
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Free download of Income Tax Return Filing Official Software
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