Government notifies the National Bank for Financing Infrastructure and Development for Income-tax Exemption u/s 10(48D)

Government notifies the National Bank for Financing Infrastructure and Development for Income-tax Exemption u/s 10(48D) The Central Board of Direct Taxes (CBDT) vide Notification No. 31/2022 dated 18th April 2022 notifies National Bank for Financing Infrastructure and Development for Income-tax Exemption u/s 10(48D). The Notification is Given Below: S.O. 1825(E).—In exercise of the powers conferred by clause (48D) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies the National Bank for Financing Infrastructure and Development, established under section 3 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), for the purposes of the said clause for a period of ten consecutive assessment years beginning from the assessment year 2022-2023. 2. This notification shall come into force from the date of its notification in the Official Gazette. To Read Notification Download PDF Given Below: