National Housing Bank Act : Exemption from tax on income. Indian Bare Acts :

National Housing Bank Act,1987

Act No : 53

Section : Exemption from tax on income.

48. Exemption from tax on income. Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains, the National Housing Bank shall not be liable to pay income-tax or any other tax in respect of its income, profits or gains derived.