Exemption section

10(35) is the right section.

any income by way of,—

(a)  income received in respect of the units of a Mutual Fund specified under clause (23D); or

(b)  income received in respect of units from the Administrator of the specified undertaking; or

(c)  income received in respect of units from the specified company:

Provided that this clause shall not apply to any income arising from a transfer of units of the Administrator of the specified undertaking or of the specified company or of a mutual fund, as the case may be.

Explanation.—For the purposes of this clause,—

 (a) "Administrator" means the Administrator as referred to in clause (a) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002);

 (b) "specified company" means a company as referred to in clause (h) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002);

Originally posted by : lalith h b
	10(33) exemption is in relation to whoch income?

Income from transfer of units of UTI.