Section 49: Exemption from tax on wealth and income.

Q: What does Section 49 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) deal with?

Section 49 TWDRA pertains to "Exemption from tax on wealth and income.". It is part of the The Warehousing (Development and Regulation) Act, 2007, a legislation enacted by the Parliament of India. Section 49 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs exemption from tax on wealth and income. As verified on 19 May 2026.

Q: Is Section 49 TWDRA still in force?

Yes, Section 49 of the The Warehousing (Development and Regulation) Act, 2007 is currently in force across the Republic of India.

Q: What is धारा 49 TWDRA?

धारा 49 TWDRA is the Devanagari Hindi reference for Section 49 of the The Warehousing (Development and Regulation) Act, 2007. Section 49 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs exemption from tax on wealth and income. As verified on 19 May 2026.

Q: What is Dhara 49 TWDRA?

Dhara 49 TWDRA is the Roman Hindi reference for Section 49 of the The Warehousing (Development and Regulation) Act, 2007. "Dhara" means "Section" in Hindi. Section 49 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs exemption from tax on wealth and income. As verified on 19 May 2026.

Q: How to cite Section 49 of The Warehousing (Development and Regulation) Act, 2007?

Cite as: "Section 49, The Warehousing (Development and Regulation) Act, 2007 (TWDRA)" in legal briefs. For academic writing, use the BlueBook format: The Warehousing (Development and Regulation) Act, 2007, 2007, § 49 (India).

Law on Tips Editorial Board

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, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.