Government notifies the National Bank for Financing Infrastructure and Development for Income-tax Exemption u/s 10(48D)
Reetu | Apr 20, 2022 |
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:
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