Section 25. Exemption from tax on wealth and income

25. Exemption from tax on wealth and income. —Notwithstanding anything contained in the Wealth-tax Act, 1957 (27 of 1957), the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on wealth, income, profits or gains— (a) the Board; (b) the existing Securities and Exchange Board from the date of its constitution to the date of establishment of the Board, 1. Ins. by Act 9 of 1995, s. 12 (w.e.f. 25-1-1995). 2. Subs. by s. 13, ibid ., for section 24 (w.e.f. 25-1-1995). 3. Ins. by Act 13 of 2018, s. 187 (w.e.f. 8-3-2019). 4. Subs. by Act 59 of 2002, s. 28, for "one year, or with fine, or with both" (w.e.f. 29-10-2002). 5. Ins. by Act 13 of 2018, s. 187 (w.e.f. 8-3-2019). 6. The words "of his" omitted by s. 187, ibid . (w.e.f. 8-3-2019). 7. Subs. by Act 59 of 2002, s. 28, for certain words (w.e.f. 29-10-2002). 8. Ins. by s. 29, ibid . (w.e.f. 29-10-2002). shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.