Section 20: Exemption from certain duties, fees and tax.

(1) All instruments executed by or on behalf of a registered society or by any officer or member of a registered society, relating to the business or the society shall be exempted from stamp duties chargeable under the Stamp Duties Act and from registration fees payable under any law, relating to registration of instruments, for the time being in force throughout the Federation.
(2) A registered society shall be exempted from payment of tax under section 26 of the Companies Income Tax Act.